Global Finance names the World’s 50 Safest Banks 2010
NEW YORK, September 2, 2010
With bank stability still high on corporate and investor agendas, Global Finance publishes its 19th annual list of the worlds safest banks. The sovereign debt crisis in Europe and renewed concerns about the global economic outlook are once again putting the spotlight on bank safety. It should be somewhat reassuring that 45 of the top-50 safest banks is this years listing maintained their standing among the top echelon in this years ranking. Banks that cleaned up their balance sheets and strengthened their capital positions were the biggest gainers. In many instances, non-performing loans have been reduced significantly. Several major British banks have rejoined the top 50, although many of the big name banks that lost their safest bank ranking during the credit crunch are still absent from the list.
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The World’s 50 Safest Banks 2010 were selected through a comparison of the long-term credit ratings and total assets of the 500 largest banks around the world. Ratings from Moodys, Standard & Poors and Fitch were used.
Global Finance has published its World’s Safest Banks listing for 19 years and this ranking has become a recognized and trusted standard of creditworthiness for the entire financial world.
Banks that have strengthened their liquidity positions and the quality and quantity of their capital are recognized in these rankings, says Global Finance publisher Joseph D. Giarraputo. More than ever, customers around the world are viewing long-term creditworthiness as the key feature of banks with which they do business.
This exclusive survey will be published in the October issue. The banks ranked 1-10 will be presented awards at a special ceremony to be held during the Annual Meetings of the IMF and World Bank in Washington in October.
For editorial information please contact: Dan Keeler, Editor, email: email@example.com
Caja de Ahorros y Pensiones de Barcelona
Bank of Montreal
National Bank of Abu Dhabi