The Top 10 Safest Banks in the World

The financial safety of the banks is highly scrutinized these days as the concern over the finance and related issues increases day by day. The Global Finance released a report on the safest banks in the world. The report has 50 banks which are rated as highly stable and considered as the best.

KfW  the German, government owned bank topped the list for being the safest bank in the world. Formed in 1948 and based in Frankfurt, 80% of the bank is owned by the Federal Republic of Germany and 20% of ownership vests with States of Germany. Bank Nederlandse Gemmeenten is the second best bank in this list. This is the 4 th bank in the Netherlands on the base of assets. BNG lends finance only to semi-public organizations.

Third best bank is a Swiss bank Zurcher Kantonalbank with total asset of CHF 110 billion. Landwirtschaftliche Rentenbank is the 4^th bank in this list which is headquartered in Frankfurt. This bank focuses on lending in agriculture and food industry. L-Bank which is also a German bank holds the 5^th position is a parent company for three commercial banks and was formed in January 1999 functions under public law.

Nederlandse Waterschapsbank ie, the Netherland Waterboard Bank provides funds for the water board is in the 6^th position functioning under the trade name NWB. It is a private financial institution. At number 7 is the French Bank Caisse des Dépôts et Consignations which was founded in 1816. German bank NRW.Bank comes at 8th position in this list.

The bank Banque et caisse d'épargne de l'État based in Luxembourg founded in 1856  holds the 9^th position. The 10^th place is for Rabo Bank which is in Netherlands and headquartered in Utrecht. They provide finance for the agribusiness and food is the core industry they finance.

The top 10 safest banks are located in the European  countries which these top 10 banks are located are not seriously affected by the economic crisis.KfW, Landwirtschaftliche Rentenbank, L-Bank, NRWBank are the 4 banks from Germany which is in the top 10 bank’s list. Germany is considered as the strongest economy among the EU union and recently the German Chancellor came up with the statement that Germany will not take the burden of uplifting EU crisis.

There are 8 Asian banks in this top 50 list where 3 of them are from Singapore and 2 from China and 1 from Taiwan and 2 from South Korea and 4 banks from the middle east ie, 1 from Abudabi, 1 from Qatar and 2 from Saudi Arabia. 5 US banks are also in the list but the absence of them from the top 10 list is noticeable.