POST Online Media Lite Edition


Germany’s KfW the safest bank, top U.S. bank ranked 30th

Staff writer |
Global Finance has announced its 24th annual ranking of the World’s 50 Safest Banks. Germany’s KfW has once again taken the top spot, followed by Zürcher Kantonalbank of Switzerland and Germany’s Landwirtschaftliche Rentenbank.

Article continues below

However, European firms no longer hold all of the top positions. TD Bank Group, of Canada, has continued its upward march—and this year has taken a coveted spot on the top-10 list—moving up from 11th place last year to take over 10th position from French bank Société de Financement Locale (SFIL), which has dropped to 14th this year.

The three Singaporean banks that placed in the top-15 last year each moved up one place, to come in 11th (DBS), 12th (Oversea-Chinese Banking Corp) and 13th (United Overseas Bank). Australian banks rank well this year, taking positions 17 through 20.

Banque Cantonale Vaudoise has made a stellar showing this year, jumping up an astonishing 29 places in the rankings to go from 44th to 15th. The top-ranking U.S. bank this year is AgriBank, which comes in at 30th.

New names on the list this year include Germany’s Deutsche Apotheker- und Ärztebank, Banque Pictet & Cie of Switzerland, Kiwibank of New Zealand, Norway’s DNB and LGT Bank of Liechtenstein.

What to read next

Iran, Austria banks finalize €1 billion finance deal
Customers in Indiana complain about Fifth-Third, JP Morgan and PNC
Moving money to safe Europe