Global Finance announces the “World’s 50 Safest Banks 2010”

NEW YORK, August 30, 2010 With bank stability still high on corporate and investor agendas, Global Finance publishes its 19th annual list of the worlds safest banks.

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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.

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The World’s 50 Safest Banks 2010 Ranking