rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » The world's 20 safest banks

The world's 20 safest banks

Last updated on: October 4, 2010 14:47 IST

The world's 20 safest banks

     Next

Next
The biggest gainers among banks are those that cleaned up their balance sheets and strengthened their capital positions, says Global Finance, which has published its 19th annual list of the world's safest banks.

"Bank stability and safety are still high on corporate and investor agendas. The sovereign debt crisis in Europe and renewed concerns about the global economic outlook are once again putting the spotlight on bank safety," Global Finance said.

And although Indian banks were hardly affected by the global recession that saw many a global banking giant fall by the wayside, not a single Indian bank finds a place among the world's safest 20 banks' list put out by Global Finance

Click NEXT to find out the world's 20 safest banks . . .


Image: KfW bank.

     Next

The world's 20 safest banks

Prev     Next
Prev

Next
1. KfW (Germany)

KfW banking group is a German government-owned development bank, based in Frankfurt. Its name originally comes from Kreditanstalt fr Wiederaufbau, meaning Reconstruction Credit Institute. The bank's revenue for the year 2009 stood at 26438.20 million euros.

Click NEXT to read on . . .


Image: KfW bank.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
2. CDC (France)

The Caisse des Depots group consists of Caisse des Depots Public Institution and its subsidiary companies.  The net income of the bank for 2009 stands at 6,466 million euros and the attributable net profit is 1,980 million euros.

Click NEXT to read on . . .


Image: CDC bank.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
3. Bank Nederlandse Gemeenten (BNG)

It is a specialised financial institution for the public sector, whose mission is to help minimise the public sector's financing costs.

BNG provides customised financial services ranging from loans and funds transfers to consultancy, electronic banking and investments Its net profit in 2009 stood at 278 million euros. Its total assets amount to 104,496 million euros.

Click NEXT to read on . . .


Image: BNG Bank.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
4. Zuercher Kantonalbank (Switzerland)

Zurcher Kantonalbank provides various banking products and financial services to retail and corporate customers primarily in Zurich, Switzerland. In the first half till June 30, 2010, the bank's net profit dropped 11.2 per cent to CHF 367 million. The total assets amount to CHF 117 billion . The Zurich Cantonal Bank is 100 percent owned by the canton of Zurich.

Click NEXT to read on . . .


Image: Zurcher Kantonalbank.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
5. Landwirtschaftliche Rentenbank (Germany)

Rentenbank, based in Frankfurt is Germany's development agency for agribusiness. Rentenbank provides refinancing to banks within the European Union involved in financing agriculture and rural areas. The net profit for 2009 stands at 11.6 billion euro.

Click NEXT to read on . . .


Image: Rentenbank.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
6. Rabobank

Rabobank Group is an international financial services offering retail banking, wholesale banking, asset management, leasing and real estate services.

Internationally, the Rabobank Group is focussed on the food and agriculture sector. The total assets of the bank stand at 675,847 million Euros. The net profit in the first half of 2010 stands at 1,661 million euros.

Click NEXT to read on . . .


Image: Piet Moerland, chairman, Rabobank.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
7. LBBW (Germany)

Landesbank Baden-Wurttemberg (LBBW)is one of the biggest banks in Germany.

LBBW is the central bank of the savings banks in Baden-Wurttemberg, Rhineland Palatinate and Saxony.

BW-Bank functions as a savings bank for LBBW in the territory of the state capital, Stuttgart. As of 30 June 2010, LBBW therefore recorded a consolidated loss for the period after taxes of 290 million euros.

Click NEXT to read on . . .


Image: LBBW.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
8. NWB (Netherlands)

Nederlandse Waterschapsbank N.V provides financial services to the public sector primarily in the Netherlands. It finances water boards, municipal authorities, and provincial authorities, as well as other public sector bodies, such as housing corporations, hospitals, and educational institutions. The bank's net profit for the first half of 2010 stands at 14.6 million euros.

Click NEXT to read on . . .


Image: NWB.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
9. NRW Bank (Germany)

NRW Bank operates as a state development bank of the State of North Rhine-Westphalia, Germany. It offers various lending tools, including funding aids provided under the development programs of the federal state, the federal government, and the EU to equity and debt financing more than 5.7 million retail customers.

Click NEXT to read on . . .


Image: NRW Bank.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
10. Royal Bank of Canada (Canada)

The Royal Bank of Canada and its subsidiaries operate under the master brand name RBC. It is one of Canada's largest banks in terms of assets and market capitalisation, the bank offers personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis.

Royal Bank of Canada reported a net income of $1,276 million for the third quarter ended July 31, 2010.

Click NEXT to read on . . .


Image: Royal Bank of Canada.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
11. National Australia Bank (Australia)

With more than 1800 branches and service centres, the bank offers products and services through major Australian franchisees and businesses in the United Kingdom, New Zealand, the United States and Asia. It has over 10.93 million customers.

Click NEXT to read on . . .


Image: National Australia Bank.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
12. Westpac Banking Corporation (Australia)

The Westpac Group has branches and affiliates throughout Australia, New Zealand and the near Pacific region and maintains offices in key financial centres around the world including London, New York, Hong Kong and Singapore. As of 31 March 2010, The Westpac Group had global assets of $601 billion.

Westpac is ranked among the top 5 listed companies by market capitalisation on the Australian Securities Exchange Limited (ASX). For the six months till 31 March 2010, The Westpac Group's reported net profit was $2,875 million.

Click NEXT to read on . . .


Image: Westpac Bank.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
13. Commonwealth Bank of Australia (Australia)

The Commonwealth Bank is Australia's leading provider of integrated financial services. The Group is one of the largest listed companies on the Australian Stock Exchange and is included in the Morgan Stanley Capital Global Index.

The net profit after tax on statutory basis increased 36 percent to $2,914 million and on cash basis, 54 percent to $2,943 million (as at 31 December 2009).

Click NEXT to read on . . .


Image: Commonwealth Bank of Australia.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
14. Banco Santander (Spain)

Grupo Santander is the fourth largest bank in the world and the eighth largest in terms of market capitalisation.

In 2009, ordinary attributable profit reached 8.943 million euros, a 1 per cent increase over the previous year, and distributed 4.919 million euros in dividends. The attributable profit from January-June 2010 stood at 4,445 million euros.

Click NEXT to read on . . .


Image: Banco Santander.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
15. Toronto-Dominion Bank (Canada)

Headquartered in Toronto, the TD Bank Financial Group offers a full range of financial products and services to 18 million customers worldwide.

As of July 31, 2010, TD Bank Financial Group had CDN $603 billion in assets. The Toronto-Dominion Bank trades on the Toronto and New York stock exchanges.

Click NEXT to read on . . .


Image: Toronto-Dominion Bank.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
16. ANZ (Australia)

The Australia and New Zealand Banking Group, commonly called ANZ, is the fourth largest bank in Australia. ANZ was named the most sustainable bank globally in the 2008 Dow Jones Sustainability Index, second year in a row.

For the ANZ group as a whole, underlying profit after tax for the nine months was approximately A$3.6 billion, up 26 per cent as compared to corresponding period in the previous year, driven by growth in business earnings.

Click NEXT to read on . . .


Image: ANZ.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next

17. ASB Bank (New Zealand)

ASB is an Australian-owned bank operating in New Zealand. It is one of the largest banks in New Zealand. It operates BankDirect, a branchless banking service that provides service via phone, Internet, and ATMs only. The bank reported a full-year net profit after tax of $236 million in August 2010.

Click NEXT to read on . . .


Image: ASB Bank.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
18. BNP Paribas (France)

BNP Paribas is a global banking and financial services major and one of the six strongest banks in the world (Rated AA by Standard & Poor's, 3rd on a scale of 22).

The group has four domestic retail banking markets in France, Italy, Belgium and Luxembourg. It has one of the largest international networks with operations in 84 countries. The bank's net profit rose by 31 per cent in the second quarter to US$2.7 billion.

Click NEXT to read on . . .


Image: BNP Paribas.

Prev     Next

The world's 20 safest banks

Prev     Next
Prev

Next
19. HSBC Holdings plc (United Kingdom)

HSBC is one of the largest banking and financial services organisations in the world.

With listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by around 220,000 shareholders in 119 countries. HSBC's international network comprises around 8,000 offices in 87 countries.

HSBC Holdings's net profit for the first half of the year doubled to $6.76 billion, up from $3.35 billion a year earlier.

Click NEXT to read on . . .


Image: HSBC.

Prev     Next

The world's 20 safest banks

Prev     More
Prev

More
20. Credit Agricole (France)

Credit Agricole is France's third-largest bank in terms of market capitalisation, with 59 million customers worldwide and 11,500 branches in 15 countries.

The bank reported a 89 per cent jump in second-quarter net profit. Its net profit for rose to 379 million euros from 201 million euros during the same period in the previous year.


Image: Credit Agricole.

Prev     More