The 17 safest banks in the world
Jul 15, 2015, 16:39 IST
Advertisement
Despite all of the headlines about a banking crisis in Greece, Europe is home to the world's safest commercial banks, according to a report by Global Finance Magazine.The study compares 500 of the world's largest banks and their "long-term foreign currency ratings" issued by Fitch, S&P, and Moody's as of August 2014.
The banks are then given a score where 10 points are awarded for a AAA rating, 9 points for AA+ rating, and so on, according to Andrew Cunningham, project coordinator for Global Finance Magazine.
The ranking does not include banks owned by other banks and government import-export finance institutions.
Advertisement