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.

 

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.

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.

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.

List of TOP safest banks in the world

 

  1. KfW, GERMANY
  2. Zuercher Kantonalbank, SWITZERLAND
  3. BNG Bank, NETHERLANDS
  4. Landwirtschaftliche Rentenbank, GERMANY
  5. Nederlandse Waterschapsbank, NETHERLANDS
  6. L-Bank, GERMANY
  7. Kommunalbanken, NORWAY
  8. NRW.BANK, GERMANY
  9. Swedish Export Credit Corporation, SWEDEN
  10. Caisse des Depots et Consignations, FRANCE
  11. Royal Bank of Canada, CANADA
  12. The Toronto-Dominion, Bank CANADA
  13. DZ BANK, GERMANY
  14. DBS Bank, SINGAPORE
  15. Oversea-Chinese Banking Corporation, SINGAPORE
  16. Svenska Handelsbanken, SWEDEN
  17. United Overseas Bank, SINGAPORE
  18. Korea Development Bank, SOUTH KOREA
  19. The Export-Import Bank of Korea, SOUTH KOREA
  20. Banque et Caisse d’Epargne de l’Etat, LUXEMBOURG

 

Want to know more about Top 5 banks in the world? Click HERE 

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