Friday, April 3, 2009

50 world's safest banks

The list of World's safest banks 2009 were selected through a comparison of long term credit ratings and total assets of the 500 largest banks around the world. The ratings from Moody's Standard & Poor's and Fitch were used.

The rating agencies determined these banks have demonstrated a more prudent and sustainable approach to risk than their peers. This is important, as now is the time when customers all around the world are viewing long term creditworthiness as key features of a bank.

Notice the common/local banks in Singapore are rated as such :
  • HSBC (19)
  • DBS (28)
  • UOB (37)
  • OCBC (38)
However, actually most of the banks on the list are in Singapore. For the full list of available banks in Singapore. Click here


Anonymous said...

Something on the #1 bank in this list:

"On September 15, 2008, KfW transferred €300 million ($425 million) to Lehman Brothers Holdings on the same day that Lehman filed for bankruptcy, a step that earned the bank an unflattering moniker of "Germany's dumbest bank" in the media."


I always have and always will avoid banking stocks.