To say which country has best banking system depends on whether you are measuring freedom of operating, legislative control, supervision or accounting methods.

Almost all banks in the European Union use the same methods so there is no real choice there. Banks in the USA are generally more closely monitored than in the rest of the world. China is a special case, since all of the banks there are largely state-owned and are very tightly controlled.

Listing the countries with the safest banks depends on the cut-off level in the rankings, if all banks ranked at a minimum of Axx are counted, then Canada with 6 ranks ahead of the USA in North America. In South America, Chile with 5 banks outshines Mexico and Peru with one each.


In Western Europe, Germany has the most safe banks with 4. Switzerland, Netherlands, Norway, Sweden and France each have one. In Central Europe, Poland has 3 banks and the Czech Republic one. Some of the largest banks in Asia Pacific are, Singapore and South Korea each have three banks, China has two, with Hong Kong and Taiwan having one each. In the Middle East, UAE has four banks, Kuwait has three and Israel and Qatar each have one. Australia has 9 banks and New Zealand has one. There are no banks in Africa rated above BB+.


It is difficult to say which is the safest bank in the world, since all banks rated at AAA are generally regarded as being equally safe. In one respect, we can choose which banks are the most secure based on the size of the bank, in which case, KfW in Germany which has assets of more than $550 billion.


How to become the safest banks in the world?

There are several steps that banks can take to become safer and more secure:

  1. Implement strong and effective risk management practices: This includes identifying and assessing potential risks, developing strategies to mitigate those risks, and monitoring risks on an ongoing basis.
  2. Adhere to regulatory requirements: Banks are subject to a variety of regulations designed to ensure the safety and soundness of the financial system. It is important for banks to understand and comply with these requirements.
  3. Maintain strong capital and liquidity positions: Banks should maintain strong capital and liquidity buffers to help them weather economic downturns and other challenges.
  4. Invest in technology: Banks should invest in robust and secure technology systems to protect against cyber threats and other types of financial crime.
  5. Foster a culture of compliance: Banks should encourage a culture of compliance and ethical behavior among employees, and should have effective systems in place to prevent and detect misconduct.
  6. Communicate with customers: Banks should be transparent with customers about their operations and risk management practices, and should work to build trust and confidence in their services.

There are several ways to rank which are the safest banks in the world:

The three main reference services that produce regular and up-to-date rankings are Fitch, Moody’s and Standard & Poor. They user slightly different methodology to produce a standard three-letter ranking where AAA (or in Moody’s case, Aaa) is the highest possible ranking, followed by AA+, AA- (again, Moody’s uses slightly different rankings of Aa1, Aa2) and so on, down through Bxx, Cxx.


There are several ways to rank the safest banks in the world. Some common methods include:

  1. Financial strength ratings: These ratings, which are issued by credit rating agencies, evaluate a bank’s ability to meet its financial obligations and assess the risk of default. Banks with strong financial strength ratings are generally considered to be safer.
  2. Capital ratios: Capital ratios measure the amount of a bank’s capital (such as equity and reserves) relative to its assets. Banks with high capital ratios are generally considered to be safer because they have more financial cushion to absorb losses.
  3. Deposit insurance: Many countries have deposit insurance schemes that guarantee the safety of deposits up to a certain amount in case of bank failure. Banks that are backed by strong deposit insurance schemes are generally considered to be safer.
  4. Stability: Some rankings consider the stability of a bank’s operations, including factors such as the quality of its management, the diversity of its funding sources, and its risk management practices.
  5. Size: Some rankings consider the size of a bank, as larger banks may have greater resources to weather financial challenges.


It is important to note that there is no one single method for ranking the safest banks, and different rankings may use different criteria and weightings

To draw up the safest banks in the world list, using only banks ranked as AA or higher, then there are only seven banks and all of them are mid-level European banks, having assets in the $100 billion – $500 billion range.


It is difficult to determine the most secure bank in the world, as the concept of “security” can be interpreted in different ways. Some may consider a bank to be secure if it has strong financials and is well-capitalized, while others may consider a bank to be secure if it has robust risk management practices or is backed by a strong deposit insurance scheme. It is also worth noting that no bank is completely risk-free, and all banks are subject to some level of financial risk.


List of TOP safest banks in the world

Zuercher Kantonalbank, SWITZERLAND
Landwirtschaftliche Rentenbank, GERMANY
Nederlandse Waterschapsbank, NETHERLANDS
Kommunalbanken, NORWAY
Swedish Export Credit Corporation, SWEDEN
Caisse des Depots et Consignations, FRANCE
Royal Bank of Canada, CANADA
The Toronto-Dominion, Bank CANADA
Oversea-Chinese Banking Corporation, SINGAPORE
Svenska Handelsbanken, SWEDEN
Banque et Caisse d’Epargne de l’Etat, LUXEMBOURG
United Overseas Bank, SINGAPORE
Korea Development Bank, SOUTH KOREA
The Export-Import Bank of Korea, SOUTH KOREA

Want to know more about Top 50 banks in the world? Click HERE


It is important to carefully research and consider the various options available when choosing a bank for your financial needs. Some factors to consider when looking for a safe bank include the bank’s financial strength, regulatory compliance, risk management practices, and the level of deposit insurance protection offered. It is also a good idea to consider the stability of the bank’s operations and management, as well as its reputation for customer service and transparency.


It is worth noting that no bank is completely risk-free, and all banks are subject to some level of financial risk. However, by doing your due diligence and choosing a bank that has strong financials and a track record of stability, you can increase the likelihood that your money will be safe.

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