With banks failing all over the world, and numerous banking bailouts having been contributed by taxpayers, banks are not currently the most popular institutions in the world. Additionally, people want to be able to keep their savings secure in safe banks. So here is a rundown of the 12 safest on the planet.
1. DBS Bank
DBS Bank Ltd is a Singaporean bank set up by the Government of Singapore in June 1968. DBS Bank is the largest bank in South East Asia by assets and among the larger banks in Asia. The bank's strong capital position, as well as "AA-" and "Aa1" credit ratings are among the highest in the Asia-Pacific region, earned it Global Finance's "Safest Bank in Asia" accolade for six consecutive years, from 2009 to 2014.
2. TD Bank Group
TD Bank Group is a Canadian multinational banking and financial services corporation headquartered in Toronto. It is the largest bank in Canada by market capitalization, having been created back in 1955. The bank has been listed prominently in the Forbes Global 2000, and was named one of Canada's top 10 employers by the Financial Post newspaper.
3. Société de Financement Local
La Société de Financement Local is a French bank founded in 2013. It is defined in its corporate communication as a "development bank". Created following the bankruptcy of the Franco-Belgian banking group Dexia. SFIL is a 100% public bank, having received the approval of the Prudential Control Authority. The French state owns 75% of SFIL.
4. Banque et Caisse d’Epargne de l’Etat
Banque et Caisse d'Epargne de l'Etat, established in 1856, is a Luxembourgish bank owned by the Luxembourgish government. Amongs its achievements, Banque et Caisse d'Epargne de l'Etat was rated the seventh safest bank in the worl by the magazine Global Finance. The ratings agencies Moody's, Fitch and S & P all hold the bank in high esteem.
5. Caisse des Dépôts et Consignations
La Caisse des Dépôts et Consignations is a public financial institution in France founded in 1816. Placed under the direct control of a supervisory committee reporting to Parliament , it operates in the public interest on behalf of the State and local authorities, but also has competitive activities. Backed by the French goverment, the bank is considered extremely secure.
6. Nederlandse Waterschapsbank
Nederlandse Waterschapsbank is a Dutch specialist financial institution that provides funding for a wide variety of local government organisations in the Netherlands. It is a Local Government Funding Agency owned by the Dutch Water boards and provinces. It has been using the trading name NWB Bank since 2009. It is not currently subject to deposits from the general public, but there has been a campaign to open the bank up to this activity in the Netherlands.
7. Bank Nederlandse Gemeenten
Bank Nederlandse Gemeenten is a Dutch bank and Local Government Funding Agency, specializing in providing financing for (semi-)publicly owned organizations. Ranked by assets alone, it is ranked as the 4th bank in the Netherlands. The Dutch state owns 50% of the company, while the remainder is owned by the municipalities and provinces. The magazine Global Finance rated Bank Nederlandse Gemeenten, the 2nd safest bank in the world in its "World's 50 Safest Banks 2013" rating
8. L-Bank
L-Bank is the regional development institute of the county Baden-Wuerttemberg, and a German credit institution based in Karlsruhe, Germany. The bank also has a branch office in Stuttgart. The bank's total assets stood at 31st December 2013 at 70.7 billion euros. The L-Bank ranks among the thirty largest banks on the planet, and was ranked 4th in the Global Finance safest bank listings for 2014.
9. Landwirtschaftliche Rentenbank
Landwirtschaftliche Rentenbank is a bank that serves as a financial institution for agriculture and the food industry in Germany. According to its website, it was established by statute in 1949 and is headquartered in Frankfurt am Main. It is a successor to the Rentenbank Kreditanstalt (RKA), a major lender in the agricultural sector formed in 1925 by merger with the Deutschen Rentenbank, established as the currency issuer of the Rentenmark in 1923.
10. Rabobank
Rabobank is a Dutch multinational banking and financial services company headquartered in Utrecht, the Netherlands. It is a global leader in Food and Agri financing and sustainability-oriented banking. In terms of Tier 1 capital, the organisation is among the top 30 largest financial institutions in the world. As of December 2013, total assets amount to €751 billion and a net profit of €2 billion. Global Finance ranks Rabobank 10th in its survey of "the world's safest banks".
11. Zürcher Kantonalbank
Zürcher Kantonalbank is the largest cantonal bank and fourth largest bank in Switzerland, as well as the leading financial services provider in the Greater Zurich area, with total assets of over CHF 110 billion. It has consistently been ranked as one of the safest banks in the world, but is sadly only open to residents of Switzerland.
12. KFW Bank
KFW Bank is a German government-owned development bank, based in Frankfurt. Its name originally comes from Kreditanstalt für Wiederaufbau ("Reconstruction Credit Institute"). It was formed in 1948 after World War II as part of the Marshall Plan. The magazine Global Finance rated KfW as the safest bank in the world in its "World's 50 Safest Banks 2009" rating, and it has retained its excellent reputation since then.
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