People deposit their hard-earned money in banks. But have you ever thought – which is the safest bank in the world? Today, in this article, we will have a look at the top 10 safest banks in the world.
Safest Banks in the World
| Rank | Name | Domicile |
|---|---|---|
| 1 | KfW | GERMANY |
| 2 | Zuercher Kantonalbank | SWITZERLAND |
| 3 | BNG Bank | NETHERLANDS |
| 4 | Landwirtschaftliche Rentenbank | GERMANY |
| 5 | L-Bank | GERMANY |
| 6 | Nederlandse Waterschapsbank | NETHERLANDS |
| 7 | Kommunalbanken | NORWAY |
| 8 | Basler Kantonalbank | SWITZERLAND |
| 9 | NRW.BANK | GERMANY |
| 10 | Swedish Export Credit Corporation | SWEDEN |
One important point to note is that all these banks are owned by the governments of their respective countries. This means that government ownership is very important in banks.
1. KfW (Kreditanstalt für Wiederaufbau) – the safest bank in the world, is a German state-owned development and promotional bank based in Frankfurt.
2. Zuercher Kantonalbank – the second safest bank, is a state-owned bank headquartered in Switzerland and founded in 1870.
3. Bank Nederlandse Gemeenten (BNG) – the third safest bank, is 100%-owned by the Dutch government. The bank was founded in 1914 and is based in The Hague, Netherlands.
4. Landwirtschaftliche Rentenbank is Germany’s development agency for agribusiness and rural areas. It is a government-owned and non-profit promotional bank in Germany.
5. L-Bank (Landeskreditbank Baden-Württemberg – Förderbank) is the state development and promotional bank for the German federal state of Baden-Württemberg. L-Bank is a 100% government-owned public sector bank.
6. De Nederlandse Waterschapsbank N.V. (NWB Bank) is a Government Bank located in The Hague Netherlands, Europe, and was founded in 1954.
7. Kommunalbanken AS (KBN) is owned by the Norwegian state and is the primary funding agency for local authorities in Norway.
8. Basler Kantonalbank (BKB) is a government-backed cantonal bank. It is owned mostly by the Canton of Basel-Stadt, which holds about 85.8% of the bank and all of the voting rights.
9. NRW.BANK is a government bank. It is a public-sector legal entity owned entirely by the State of North Rhine-Westphalia and its local public bodies.
10. The Swedish Export Credit Corporation (Swedish: Aktiebolaget Svensk Exportkredit ) is a state-owned corporation that serves as an export credit agency.
Ratings of Banks
| Rank | Name | Domicile | Fitch Rating | Fitch Score | Moody’s Rating | Moody’s Score | S&P Rating | S&P Score | Total Score |
|---|---|---|---|---|---|---|---|---|---|
| 1 | KfW | GERMANY | AAA | 10.00 | Aaa | 10.00 | AAA | 10.00 | 30.00 |
| 2 | Zuercher Kantonalbank | SWITZERLAND | AAA | 10.00 | Aaa | 10.00 | AAA | 10.00 | 30.00 |
| 3 | BNG Bank | NETHERLANDS | AAA | 10.00 | Aaa | 10.00 | AAA | 10.00 | 30.00 |
| 4 | Landwirtschaftliche Rentenbank | GERMANY | AAA | 10.00 | Aaa | 10.00 | AAA | 10.00 | 30.00 |
| 5 | L-Bank | GERMANY | AAA | 10.00 | Aaa | 10.00 | AA+ | 9.00 | 29.00 |
| 6 | Nederlandse Waterschapsbank | NETHERLANDS | NR | 9.00 | Aaa | 10.00 | AAA | 10.00 | 29.00 |
| 7 | Kommunalbanken | NORWAY | NR | 9.00 | Aaa | 10.00 | AAA | 10.00 | 29.00 |
| 8 | Basler Kantonalbank | SWITZERLAND | AAA | 10.00 | NR | 8.50 | AA+ | 9.00 | 27.50 |
| 9 | NRW.BANK | GERMANY | AAA | 10.00 | Aa1 | 9.00 | AA | 8.00 | 27.00 |
| 10 | Swedish Export Credit Corporation | SWEDEN | NR | 8.00 | Aa1 | 9.00 | AA+ | 9.00 | 26.00 |
