New York, 4 September 2008 â€” Global Finance magazine has released its annual ranking of the Worldâ€™s Safest Banks, which will be featured in the special October issue alongside several of the magazineâ€™s renowned Best Bank awards.
The Worldâ€™s Safest Banks were selected through a comparison of the long-term credit ratings and total assets of the 300 largest banks around the world. Ratings from Moodyâ€™s, Standard & Poorâ€™s and Fitch were used.
This is the 16th year that Global Finance has published its list of the worldâ€™s largest banks ranked by their creditworthiness. The 10 banks at the top of the list are designated as the
â€œWorldâ€™s Safest Banksâ€.
These banks will be honored at an awards ceremony to be held in Washington D.C. on October 13th to coincide with the World Bank/IMF annual meeting.
â€œThese banks have demonstrated an appropriately prudent approach to risk in providing international financial services,â€ says Global Finance publisher, Joseph D. Giarraputo.
â€œMore than ever customers are viewing strong credit quality as an important feature of the banks with which they do business.â€
|France||Groupe Caisse des DÃ©pÃ´ts (CDC)|
|Netherlands||Bank Nederlandse Gemeenten (BNG)|
|United Kingdom||Lloyds TSB|
|United States||Well Fargo|