Global Finance Names The World’s 50 Safest Banks 2023
Global Finance has announced its 32nd annual ranking of the World’s 50 Safest Banks. The full list is included here and will be published in the November print and digital editions, as well as online at GFMag.com.
European banks dominate Global Finance’s World’s Safest Banks again in 2023, taking the first nine positions, 16 of the top 25, and 29 total spots. Germany’s KfW is #1 for the 15th year in a row.
Singaporean banks put in a strong showing in the top 15 in 2023 with DBS Bank at #12, Oversea-Chinese Banking Corp at #13 and United Overseas Bank at #14.
“With the rise of inflation and disturbing bank runs happening in the US and Europe, bank soundness remains the cornerstone of worldwide commerce during these stressful times,” said Joseph Giarraputo, founder and editorial director of Global Finance.
Global Finance’s annual rankings of the World’s Safest Banks have been the recognized and trusted standard of financial counterparty safety for more than a three decades. Winners were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—of the 500 largest banks worldwide.
In addition to the World’s 50 Safest Banks, the full report also includes the following: World’s 50 Safest Commercial Banks, Safest Banks by Country, Territory and District, 50 Safest Banks in Emerging Markets, Safest Islamic Financial Institutions in the GCC, and Safest Banks by Region (Africa, Asia, Australasia, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe).
Ratings current as of August 18, 2023/Press Release Issued: September 22, 2023
For editorial information please contact Andrea Fiano, editor: afiano@gfmag.com
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About Global Finance
Global Finance, founded in 1987, has a circulation of 50,000 and readers in 193 countries and territories. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFMag.com — offers analysis and articles that are the legacy of 36 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
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