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Apr 21, 2009

World's top 6 safest banks are still the safest!!

The financial crisis has taken a toll on major banks leaving many top notch banks like America's Citibank, UK's Barclays etc. in never before situation. However, the top 6 safest bank as published by Global Finance Magazine has remained the same during this crisis. Have a look at the top 6 safest banks their ranks in the period 2004-2009.

2009 2008 2006 2004 Bank Country
1
4 3
KfW Group


Germany

2

1

1

1

Caisse des Dépôts et Consignations

France

3

2

2

5

Bank Nederlandse Gemeenten

Netherlands

4

3

5

6

Landwirtschaftliche Rentenbank

Germany

5

4

3

7

Rabobank

Netherlands

6

5

6

2

Landeskreditbank Baden-Wuerttemberg - Foerderbank Germany

Global Finance ranks the banks on the basis of their credit rating as provided by the rating agencies Fitch, Moody's, and S&P. These banks have the highest credit rating of AAA from Fitch & S&P, and Aaa from Moody's. The rating corresponds to the maximum credit worthiness and has lowest risk of default.

The size of the balance sheet of these safest banks is however not of the order of the biggest banks like RBS, Deutsche bank, etc.
Bank Total Assets
billion USD
KfW Group 521
Caisse des Dépôts et Consignations 289
Bank Nederlandse Gemeenten 136
Landwirtschaftliche Rentenbank 131
Rabobank 840
Landeskreditbank Baden-Wuerttemberg - Foerderbank 87

A comparison with the biggest banks:
Bank Total Assets
billion USD
Royal Bank of Scotland Group 3,807
Deutsche Bank Group 2,974
BNP Paribas 2,494
Barclays 2,459
HSBC 2,354

The asset data is as on Dec 31, 2007.
Source: Global Finance

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