Singapore, Aussie banks dominate world’s top 10 safest commercial banks

DBS, OCBC, and UOB are in the top 5.

Banks in the World’s Top 10 Safest Commercial Banks according to Global Finance magazine were selected through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide.

"Despite not enjoying government support, these banks are among the strongest and most secure institutions in the world,” notes Joseph Giarraputo, publisher of Global Finance.

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Singapore, Aussie banks dominate world’s top 10 safest commercial banks

1. Rabobank
1. Rabobank
The Rabobank Group is one of the world’s most leading, sound and sustainable financial institutions. With its roots in the Netherlands, the Rabobank Group has grown in recent decades into an international financial services provider that has activities in the field of banking, asset management, leasing, insurance and real estate.
2. TD Bank Group
2. TD Bank Group
Headquartered in Toronto, Canada, with more than 85,000 employees in offices around the world, The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD offers a full range of financial products and services to approximately 22 million customers worldwide.
3. DBS
3. DBS
Headquartered and listed in Singapore, DBS is a market leader in Singapore with over four million customers and also has a growing presence in the three key Asian axes of growth, namely, Greater China, Southeast Asia and South Asia.
4. OCBC
4. OCBC
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912.
5. UOB
5. UOB
Founded in 1935, UOB has a well-established regional presence, particularly in Asia where we have banking subsidiaries in Singapore, Malaysia, Indonesia, Thailand and China.
6. Royal Bank of Canada
6. Royal Bank of Canada
Since 1864, RBC has grown to become one of North America's leading diversified financial services companies providing banking, wealth management, insurance and capital markets services on a global basis.
7. National Australia Bank
7. National Australia Bank
National Australia Bank Group (the Group) is a financial services organisation with over 12,000,000 customers and 50,000 people, operating more than 1,750 stores and Service Centres globally.
8. Commonwealth Bank of Australia
8. Commonwealth Bank of Australia
The Commonwealth Bank is Australia’s leading provider of integrated financial services including retail banking, premium banking, business banking, institutional banking, funds management, superannuation, insurance, investment and sharebroking products and services. The Group is one of the largest listed companies on the Australian Securities Exchange and is included in the Morgan Stanley Capital Global Index.
9. Westpac
9. Westpac
Westpac Banking Corporation (Westpac) was founded in 1817 and was the first bank established in Australia. Westpac Group has 3 key customer facing divisions through which it serves nearly 12 million customers.
10. ANZ
10. ANZ
ANZ provides a range of banking and financial products and services to around 8 million customers and employs 48,000 people worldwide.

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