The World’s Safest Banks 2019 | Global Finance Magazine

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A variety of elements have contributed to bettering stability inside the world banking sector lately. Continued financial enlargement in lots of nations, mixed with regulatory reforms that bolstered financial institution capitalization and funding, has resulted in lots of banks exhibiting the higher power and resilience essential to climate a extreme financial downturn. Nonetheless, the continued US-China commerce dispute, Brexit uncertainty and appreciable geopolitical danger are eroding enterprise confidence and lowering funding—thereby threatening world progress and financial institution profitability. After world GDP enlargement of three.6% in 2018, GDP progress has been downgraded to 2.9% for 2019, with a slight enhance to three% for 2020, in accordance with the Group for Financial Cooperation and Growth (OECD).

In response to prospects for slower progress, some central banks have shifted their financial coverage to a extra accommodative stance. The US Federal Reserve minimize charges twice this 12 months, most not too long ago in September, whereas the European Central Financial institution (ECB) hopes to maintain charges at present ranges into mid-2020. Different central banks could comply with the Fed’s easing stance, which makes financial institution profitability tougher on account of shrinking curiosity margins. At a time of great uncertainty and dangers to the worldwide economic system, the International Finance annual rankings of the World’s Most secure Banks spotlight establishments with the best stability.

See more: Top 100 safest banks in the world 2019

Our methodology applies a transparent strategy within the compilation of the World’s Most secure Financial institution rankings, using the long-term international forex debt rankings from Fitch, Moody’s and Customary & Poor’s. (See Methodology beneath). Our 2019 version contains the impression of a variety of score company upgrades, which resulted in shifts in our rankings. Usually, the upgrades mirrored will increase in loss-absorbing capital buffers, or the adoption of stronger decision plans within the occasion of financial institution failure. Whereas the implementation of regulatory necessities has improved financial institution stability, the diploma to which regulatory mandates act as a catalyst for additional upgrades in financial institution rankings could also be subsiding.

The World’s Most secure Banks 2019

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  • Prime 50 Most secure Rising Market Banks
  • Prime 50 Most secure Industrial Banks
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  • Most secure Islamic Banks within the GCC
  • Largest Banks within the World
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North American banks have demonstrated stable working efficiency on the power of the US economic system and monetary markets, however there exist appreciable headwinds associated to the outlook for a slowing economic system—exacerbated by the US-China commerce dispute—that might be disruptive and dear. The OECD expects GDP progress within the US to say no to 2.4% in 2019 and to 2% in 2020, down from 2.9% in 2018. Banks within the US and Canada should deal with tighter margins on account of persistently low rates of interest, whereas devoting appreciable assets to ongoing regulatory necessities in addition to know-how and improvement of digital platforms.

The sector has benefitted from typically bettering traits in financial institution asset high quality. Nonetheless, a slowing economic system will increase the chance of credit score deterioration inside financial institution mortgage portfolios. Moreover, the brand new Present Anticipated Credit score Loss accounting-methodology normal begins to take impact in phases starting in December 2019, and should contribute to earnings stress; as banks might be required to file anticipated credit score losses on loans and different monetary devices up entrance, as an alternative of as losses are incurred.

Some areas of the regulatory atmosphere have eased considerably with the softening of parts of the Volcker Rule. Amendments to Dodd-Frank raised the edge for a classification of “systemically necessary”—requiring particular oversight—from establishments with property of not less than $50 billion to these with not less than $250 billion. This decreased the variety of banks topic to the Fed’s Complete Capital Evaluation and Evaluation examination to 18 for the 2019 evaluation, down from 35 in 2018, and primarily advantages midsized establishments. Additionally, new buying and selling phrases have been proposed below the US-Mexico-Canada Free Commerce Settlement, however the North American Free-Commerce Settlement stays in place till the brand new settlement is ratified, probably in 2020.

In Europe, as we go to press, a lot of the main target is on Brexit and the opportunity of the UK leaving the EU with out a withdrawal settlement in place earlier than the October 31, 2019, deadline. European banks are effectively represented all through our rankings, occupying the primary 11 positions and representing 27 of the International Prime 50 Most secure Banks. These banks embrace a mixture of state-sponsored establishments and extremely rated business banks. OECD estimates of financial progress within the eurozone nations, and likewise the UK, are roughly 1% for 2019 and 2020, and will worsen within the occasion of a no-deal Brexit consequence. In opposition to this backdrop, ECB coverage stays accommodative; and the financial institution additionally initiated the third collection of its Focused Longer-Time period Refinancing Operations, designed to help the banking sector by offering lower-cost funding.

Banks in emerging-market nations should deal with the fallout from the protracted US-China commerce dispute. Chinese language regulators are signaling that aggressive rate of interest cuts are usually not deliberate in response to slower progress that the OECD expects to fall beneath 6% in 2020. Fairly, a extra measured strategy to coverage easing, mixed with fiscal stimulus within the type of infrastructure spending, is predicted to offset slower progress. Sensitivity to volatility in commodity costs is an ongoing concern, notably within the oil markets, after the assault on the Saudi Aramco facility illustrated vital vulnerabilities that may create provide disruptions.

International Prime 50

Not surprisingly, the International Prime 50 Most secure Banks are extremely rated; and this has improved with a couple of upgrades since our 2018 publication. BNG Financial institution rose two locations to 3rd on account of an improve by Fitch, and is now considered one of 5 banks that maintain a triple-A score from every of the three score companies. Two entities, Nederlandse Waterschapsbank and Kommunalbanken, proceed to be Aaa and AAA rated by Moody’s and S&P, respectively. Nonetheless, they don’t carry a Fitch score.

The scoring threshold for inclusion elevated barely to 19 from 18.5 in 2018, with a most potential rating of 30. Furthermore, among the scores of those banks are concentrated inside numerous scoring ranges. Consequently, a one-notch change in score can have a big impression on rankings, as was the case with DNB Financial institution, which rose 17 positions on account of a January 2019 improve by S&P. BNP Paribas is a brand new entrant to our 2019 International Prime 50 rankings, on account of an April 2019 improve from S&P in response to a rise within the financial institution’s loss-absorbing capital buffer. US Bancorp and Financial institution of Taiwan missed the minimize this 12 months on account of BNP’s improve and bigger steadiness sheet; Financial institution of Taiwan, with a rating of 18.5, fell just under the required rating of 19 factors for inclusion. Of notice, Nordea Financial institution modified its domicile to Finland from Sweden by the use of a cross-border merger of Sweden-based Nordea Financial institution AB with new mum or dad Finland-based Nordea Financial institution Abp. The financial institution’s rankings had been affirmed, however Nordea’s rating fell three spots as a result of shifting of different banks within the International Prime 50.

Regulatory adjustments have been a catalyst for financial institution restructuring, and since our final rating there have been a variety of vital new mandates. Notably, the finalization of Basel III (designed to strengthen capital necessities and cut back financial institution leverage), the adoption of IFRS 9 (to harmonize definitions and accounting rules round monetary devices) and the implementation of restoration and backbone plans are world in scope.

Banks should deal with extra mandates associated to shopper privateness below Europe’s Normal Knowledge Safety Regulation (GDPR), and securities-trading transparency and investor safety below the revised EU Markets in Monetary Devices Directive (MiFID II). In November, the European Banking Authority launched the outcomes of its newest stress check (which applies to 70% of EU banking sector property), detailing the capital impression of a set of antagonistic assumptions. The Financial institution of England has imposed ring-fence necessities to separate retail and shopper enterprise from wholesale and markets-related banking. UK banks should additionally difficulty extra subordinated liabilities as much as a minimal buffer requirement to guard senior collectors.

In the meantime, within the US, parts of Dodd-Frank have eased; this primarily impacts regional and neighborhood banks. Going ahead, the refinement of capital and liquidity necessities, compliance with stress exams, and guaranteeing strong restoration and backbone plans will proceed to underpin regulatory oversight. Such mandates in the end contribute to the resilience of the sector.

After the 2008 disaster, central banks injected vital liquidity into the monetary system by means of extremely accommodative financial coverage (quantitative easing), mountaineering the specter of asset bubbles and inflation. This stance has shifted. The US Federal Reserve is now effectively right into a tightening section; its European counterpart is predicted to comply with, probably in mid-2019. Whereas rising charges in some areas may gain advantage banks’ internet curiosity margins, innovation is required to keep up profitability. Fintech has introduced contemporary competitors in finance, and banks should develop or purchase strong on-line platforms to develop their shopper enterprise.

On this period of heightened scrutiny, with the prospect of rising rates of interest which will stress financial progress, the sector faces extra challenges. Attaining earnings progress might be notably daunting given the appreciable prices associated to regulatory compliance, new know-how funding and sustaining legacy techniques. Furthermore, strong danger administration is crucial to handle world dangers, guarantee information safety and stop cyber threats. Banks should proceed to determine value efficiencies whereas specializing in income initiatives.

We apply an easy strategy to rating the World’s Most secure Banks, utilizing long-term foreign-currency debt rankings from the three main worldwide score companies. (Particulars p. 19)

General, the International Prime 50 banks embrace establishments that exhibit appreciable stability. Because of this, scores stay in a slender vary. The rating for inclusion among the many International Prime 50 was comparatively unchanged at 18.5 factors (versus 19 in 2017) out of a high rating of 30.

As prior to now, sovereign-rating adjustments can have a big impression on actions year-over-year. For instance, the Canadian banks rose in our 2018 rankings on account of an improve by Moody’s in July 2018 following Canada’s adoption of latest financial institution decision laws. The upgrades boosted the rankings for Toronto-Dominion (eleventh), Royal Financial institution of Canada (twelfth), The Financial institution of Nova Scotia (twenty seventh), Financial institution of Montreal (thirty second) and Canadian Imperial Financial institution of Commerce (thirty third and a brand new entrant).

Methodology: Behind the Rankings

Our rankings apply to the world’s largest 500 banks by asset measurement. We calculate the rankings primarily based on long-term international forex rankings issued by Fitch Rankings, Customary & Poor’s and Moody’s Buyers Service. The place potential, rankings on holding firms slightly than working firms had been used; and banks which can be wholly owned by different banks had been omitted. Inside every rank set, banks are organized in accordance with asset measurement primarily based on information for the newest annual reporting interval offered by Fitch Options and Moody’s. Rankings are reproduced with permission from the three score companies, with all rights reserved. A rating shouldn’t be a suggestion to buy, promote or maintain a safety; and it doesn’t touch upon market worth or suitability for a selected investor. All rankings within the tables had been legitimate as of August 17, 2019.

WORLD’S SAFEST BANKS 2019 — The International Prime 50

Rank

Firm Title

Nation

Fitch

Moody’s

S&P

Complete Rating

Belongings ($ Mil.)

Assertion Date

1

KfW

Germany

AAA

Aaa

AAA

30

556,424

31-Dec-2018

2

Zuercher Kantonalbank

Switzerland

AAA

Aaa

AAA

30

172,671

31-Dec-2018

3

BNG Financial institution

Netherlands

AAA

Aaa

AAA

30

157,503

31-Dec-2018

4

Landwirtschaftliche Rentenbank

Germany

AAA

Aaa

AAA

30

103,113

31-Dec-2018

5

Landeskreditbank Baden-Wuerttemberg (L-Financial institution)

Germany

AAA

Aaa

AAA

30

79,692

31-Dec-2018

6

Nederlandse Waterschapsbank

Netherlands

NR

Aaa

AAA

29

86,576

31-Dec-2018

7

Kommunalbanken

Norway

NR

Aaa

AAA

29

48,583

31-Dec-2018

8

NRW.BANK

Germany

AAA

Aa1

AA—

26

169,165

31-Dec-2018

9

Swedish Export Credit score Corp.

Sweden

NR

Aa1

AA+

26

31,623

31-Dec-2018

10

Banque et Caisse d’Epargne de l’Etat

France

NR

Aa2

AA+

24.5

52,566

31-Dec-2018

11

Caisse des Depots et Consignations

Canada

AA

Aa2

AA

24

207,623

31-Dec-2017

12

Royal Financial institution of Canada

Canada

AA

Aa2

AA—

23

1,021,770

30-Apr-2019

13

TD Financial institution

Canada

AA—

Aa1

AA—

23

1,005,270

30-Apr-19

14

DZ Financial institution

Germany

AA—

Aa1

AA—

23

594,157

31-Dec-2018

15

DBS Financial institution

Singapore

AA—

Aa1

AA—

23

402,439

31-Dec-2018

16

Oversea-Chinese language Banking Corp.

Singapore

AA—

Aa1

AA—

23

341,646

31-Dec-2018

17

Svenska Handelsbanken

Sweden

AA

Aa2

AA—

23

331,978

31-Dec-2018

18

United Abroad Financial institution

Singapore

AA—

Aa1

AA—

23

283,590

31-Dec-2018

19

Korea Growth Financial institution

South Korea

AA—

Aa2

AA

23

231,942

31-Dec-2018

20

Export-Import Financial institution of Korea

South Korea

AA—

Aa2

AA—

23

80,591

31-Dec-2018

21

Deutsche Apotheker- und Aerztebank

Germany

AA—

Aa1

AA—

23

51,961

31-Dec-2018

22

Banque Cantonale Vaudoise

Switzerland

AA—

Aa2

AA—

23

48,551

31-Dec-2018

23

Industrial Financial institution of Korea

South Korea

AA—

Aa2

AA—

22

258,191

31-Dec-2018

24

Swedbank

Sweden

AA—

Aa2

AA—

22

250,461

31-Dec-2018

25

DNB Financial institution

Norway

NR

Aa2

AA—

21.5

256,383

31-Dec-2018

26

SFIL

France

NR

Aa3

AA

21.5

76,257

31-Dec-2018

27

Banque Pictet & Cie

Switzerland

AA—

Aa2

NR

21.5

29,780

31-Dec-2017

28

Financial institution of Nova Scotia

Canada

AA—

Aa2

A+

21

759,772

31-Oct-2018

29

ANZ Banking Group

Australia

AA—

Aa3

AA—

21

694,368

31-Mar-2019

30

Commonwealth Financial institution of Australia

Australia

AA—

Aa3

AA—

21

682,915

30-Jun-2018

31

Nordea Financial institution

Finland

AA—

Aa3

AA—

21

631,583

31-Dec-2018

32

Westpac

Australia

AA—

Aa3

A+

21

619,905

31-Mar-2019

33

Financial institution of Montreal

Canada

AA—

Aa2

A+

21

617,358

30-Apr-2019

34

Nationwide Australia Financial institution

Australia

AA—

Aa3

AA—

21

569,267

31-Mar-2019

35

Canadian Imperial Financial institution of Commerce

Canada

AA—

Aa2

AA—

21

454,684

30-Apr-2019

36

SEB

Sweden

AA—

Aa2

A+

21

286,202

31-Dec-2018

37

HSBC France

Canada

AA—

Aa3

AA—

21

207,256

31-Dec-2018

38

First Abu Dhabi Financial institution

UAE

AA—

Aa3

AA—

21

202,585

31-Dec-2018

39

Grasp Seng Financial institution

Hong Kong

A+

Aa2

AA—

21

200,666

31-Dec-2018

40

Federation des Caisses Desjardins du Quebec

Canada

AA—

Aa2

A+

21

115,505

31-Dec-2018

41

Agribank

United States

AA—

Aa3

AA—

21

109,772

31-Dec-2018

42

Sparkassen-Finanzgruppe (Sparkassen)

Germany

A+

Aa2

NR

20

1,438,067

31-Dec-2017

43

UBS

Switzerland

AA—

Aa3

AA—

20

958,055

31-Dec-2018

44

Rabobank

Netherlands

AA—

NR

AA—

20

676,287

31-Dec-2018

45

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CoBank

United States

AA—

Aa3

AA—

20

139,016

31-Dec-2018

46

Nationwide Financial institution of Kuwait

Kuwait

AA—

Aa3

A+

20

90,327

31-Dec-2018

47

OP Company Financial institution

Finland

NR

Aa3

AA—

20

72,742

31-Dec-2018

48

AgFirst

United States

AA—

Aa3

NR

20

33,078

31-Dec-2018

49

Farm Credit score Financial institution of Texas

United States

AA—

A1

A+

20

24,529

31-Dec-2018

50

BNP Paribas

France

A+

Aa3

A+

19

2,337,575

31-Dec-2018

Prime 10 Most secure Banks by Area — North America

Rank

Firm Title

Nation

Fitch

Moody’s

S&P

Complete Rating

Belongings ($ Mil.)

Assertion Date

1

Royal Financial institution of Canada

Canada

AA

Aa1

AA—

23

1,012,760

30-Apr-2019

2

TD Financial institution

Canada

AA—

Aa2

AA—

23

940,707

30-Apr-2019

3

The Financial institution of Nova Scotia

Canada

AA—

Aa2

A+

21

709,899

31-Oct-2018

4

Financial institution of Montreal

Canada

AA—

Aa2

A+

21

550,361

30-Apr-2019

5

Canadian Imperial Financial institution of Commerce

Canada

AA—

Aa2

A+

21

438,437

30-Apr-2019

6

Federation des Caisses Desjardins

Canada

AA—

Aa2

A+

21

115,943

31-Dec-2018

7

AgriBank

United States

AA—

Aa3

AA—

21

104,500

31-Dec-2018

8

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CoBank

United States

AA—

NR

AA—

20

129,211

31-Dec-2018

9

AgFirst

United States

AA—

Aa3

NR

20

37,811

31-Dec-2018

10

Farm Credit score Financial institution of Texas

United States

AA—

Aa3

NR

20

22,837

31-Dec-2018

Prime 10 Most secure Banks by Area — Latin America

Rank

Firm Title

Nation

Fitch

Moody’s

S&P

Complete Rating

Belongings ($ Mil.)

Assertion Date

1

Banco del Estado de Chile

Chile

NR

A1

A+

17

61,588

31-Dec-2017

2

Banco Santander Chile

Chile

A

A1

A

16

58,229

31-Dec-2017

3

Banco de Chile

Chile

NR

A1

A

16

53,374

31-Dec-2017

4

Scotiabank Chile

Chile

A+

A2

A

15

55,075

31-Dec-2017

5

Banco de Credito e Inversiones

Chile

A

Baa1

BBB+

11

36,028

31-Dec-2017

6

HSBC Mexico

Mexico

A—

A3

BBB+

11

18,762

31-Dec-2017

7

Scotiabank Peru

Peru

A—

A3

BBB+

11

19,826

31-Dec-2018

8

Banco Santander Mexico

Mexico

BBB+

A3

NR

9.5

70,532

31-Dec-2018

9

Itau CorpBanca

Chile

NR

A3

BBB+

9.5

42,443

31-Dec-2018

10

Banco Mercantil del Norte

Mexico

BBB+

A3

BBB+

9

60,267

31-Dec-2018

Prime 10 Most secure Banks by Area — Western Europe

Rank

Firm Title

Nation

Fitch

Moody’s

S&P

Complete Rating

Belongings ($ Mil.)

Assertion Date

1

KfW

Germany

AAA

Aaa

AAA

30

566,424

31-Dec-2018

2

Zuercher Kantonalbank

Switzerland

AAA

Aaa

AAA

30

172,671

31-Dec-2018

3

BNG Financial institution

Netherlands

AAA

Aaa

AAA

30

157,503

31-Dec-2018

4

Landwirtschaftliche Rentenbank

Germany

AAA

Aaa

AAA

30

103,113

31-Dec-2018

5

Landeskreditbank Baden-Wuerttemberg (L-Financial institution)

Germany

AAA

Aaa

AAA

30

79,692

30-Dec-2018

6

Nederlandse Waterschapsbank

Netherlands

NR

Aaa

AAA

29

86,576

31-Dec-2018

7

Kommunalbanken

Norway

NR

Aaa

AAA

29

48,583

31-Dec-2018

8

NRW.BANK

Germany

AAA

Aa1

AA—

26

169,165

31-Dec-2018

9

Swedish Export Credit score Corp.

Sweden

NR

Aa1

AA+

26

31,623

31-Dec-2018

10

Caisse des Depots et Consignations

France

AA

Aa2

AA

24

207,623

31-Dec-2017

Prime 10 Most secure Banks by Area — Central, Jap Europe and Former Soviet Union

Rank

Firm Title

Nation

Fitch

Moody’s

S&P

Complete Rating

Belongings ($ Mil.)

Assertion Date

1

Komercni Banka

Czech Republic

A

A1

A

16

47,096

31-Dec-2018

2

ING Financial institution Slaski

Poland

A

A

NRq

14

37,707

31-Dec-2018

3

Financial institution Pekao

Poland

NR

A2

BBB+

11

51,011

31-Dec-2018

4

Santander Financial institution Polska

Poland

A—

A2

NR

9.5

53,275

31-Dec-2018

5

mBank

Poland

BBB

A3

BBB+

9

43,856

31-Dec-2018

6

MONETA Cash Financial institution

Czech Republic

NR

A2

BBB

8

37,751

31-Dec-2018

7

Financial institution Millennium

Poland

BBB—

Baa1

NR

5

18,169

31-Dec-2018

8

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Banca Comerciala Romana

Romania

BBB+

Baa3

NR

5

14,070

31-Dec-2018

9

BRD — Groupe Societe Generale

Romania

BBB+

Baa3

NR

5

58,611

31-Dec-2018

10

Sberbank

Russia

BBB

Baa3

NR

3.5

51,059

31-Dec-2018

Prime 10 Most secure Banks by Area — Asia

Rank

Firm Title

Nation

Fitch

Moody’s

S&P

Complete Rating

Belongings ($ Mil.)

Assertion Date

1

DBS Financial institution

Singapore

AA—

Aa1

AA—

23

402,439

31-Dec-2018

2

Oversea-Chinese language Banking Company

Singapore

AA—

Aa1

AA—

23

341,646

31-Dec-2018

3

United Abroad Financial institution

Singapore

AA—

Aa1

AA—

23

283,590

31-Dec-2018

4

Korea Growth Financial institution

South Korea

AA—

Aa2

AA

23

231,942

31-Dec-2018

5

The Export-Import Financial institution of Korea

South Korea

AA—

Aa2

AA

23

80,591

31-Dec-2018

6

Industrial Financial institution of Korea

South Korea

AA—

Aa2

AA—

22

258,191

31-Dec-2018

7

Grasp Seng Financial institution

Hong Kong

A+

Aa2

AA—

20

200,666

31-Dec-2018

8

Financial institution of Taiwan

Taiwan

NR

Aa3

A+

18.5

164,171

31-Dec-2018

9

China Growth Financial institution

China

A+

A1

A+

18

2,360,984

31-Dec-2018

10

Agricultural Growth Financial institution of China

China

A+

A1

A+

18

996,451

31-Dec-2018

Prime 10 Most secure Banks by Area — Center East

Rank

Firm Title

Nation

Fitch

Moody’s

S&P

Complete Rating

Belongings ($ Mil.)

Assertion Date

1

First Abu Dhabi Financial institution

UAE

AA—

Aa3

AA—

21

202,585

31-Dec-2018

2

Nationwide Financial institution of Kuwait

Kuwait

AA—

Aa3

A+

20

90,327

31-Dec-2018

3

Qatar Nationwide Financial institution

Qatar

A+

Aa3

A

18

236,786

31-Dec-2018

4

Abu Dhabi Industrial Financial institution

UAE

A+

A1

A

17

76,183

31-Dec-2018

5

Kuwait Finance Home

Kuwait

A+

A1

NR

17

58,522

31-Dec-2018

6

Al Hilal Financial institution

UAE

A+

A1

NR

17

11,884

31-Dec-2018

7

Abu Dhabi Islamic Financial institution

UAE

A+

A2

NR

15.5

34,090

31-Dec-2018

8

Al Ahli Financial institution of Kuwait

Kuwait

A+

A2

NR

15.5

14,984

31-Dec-2018

9

Al United Financial institution of Kuwait

Kuwait

A+

A2

NR

15.5

12,893

31-Dec-2018

10

Financial institution Hapoalim

Israel

A

A2

A

15

122,229

31-Dec-2018

Prime 10 Most secure Banks by Area — Australasia

Rank

Firm Title

Nation

Fitch

Moody’s

S&P

Complete Rating

Belongings ($ Mil.)

Assertion Date

1

ANZ Group

Australia

AA—

Aa3

AA—

21

694,368

31-Mar-2019

2

Commonwealth Financial institution of Australia

Australia

AA—

Aa3

AA—

21

682,915

30-Jun-2019

3

Westpac

Australia

AA—

Aa3

AA—

21

619,905

31-Mar-2019

4

Nationwide Australia Financial institution

Australia

AA—

Aa3

AA—

21

569,267

31-Mar-2019

5

Suncorp-Metway

Australia

A+

A1

A+

21

47,026

31-Dec-2018

6

Kiwibank

New Zealand

AA—

A1

A

18

14,556

31-Dec-2018

7

Bendigo and Adelaide Financial institution

Australia

A—

A3

BBB+

11

50,466

31-Dec-2018

8

Financial institution of Queensland

Australia

A—

A3

BBB+

11

38,315

31-Aug-2018

9

AMP Financial institution

Australia

NR

A2

BBB+

11

16,117

31-Dec-2018

10

Macquarie Group

Australia

A—

A3

BBB

10

143,995

31-Mar-2019

Prime 10 Most secure Banks by Area — Africa

Rank

Firm Title

Nation

Fitch

Moody’s

S&P

Complete Rating

Belongings ($ Mil.)

Assertion Date

1

Customary Financial institution of South Africa

South Africa

BB+

Baa3

NR

—1

94,513

31-Dec-2018

2

Absa Financial institution

South Africa

BB+

Baa3

NR

—1

75,018

31-Dec-2018

3

FirstRand Financial institution

South Africa

BB+

Baa3

BB

—2

87,421

30-Jun-2018

4

NedBank

South Africa

BB+

Baa3

BB

—2

67,510

31-Dec-2018

5

Investec Financial institution

South Africa

BB+

Baa3

BB

—2

32,830

31-Mar-2019

6

BMCE Financial institution

Morocco

BB+

Ba1

NR

—4

30,897

31-Dec-2018

7

Attijariwafa Financial institution

Morocco

BB+

Ba2

BB

—5

53,309

31-Dec-2018

8

Groupe Banque Centrale Populaire

Morocco

NR

Ba2

BB

—7

40,192

30-Jun-2018

9

Zenith Financial institution

Nigeria

B+

B2

B

—14

19,443

31-Dec-2018

10

United Financial institution for Africa

Nigeria

B+

B2

B

—14

15,898

31-Dec-2018

Asset figures from Fitch, Moody’s, and firm stories. Rankings legitimate as of Aug. 31, 2019.

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