40 Safest Banks in the World

Posted on 06/01/2016 ~ Categorized as Invest
40 Safest Banks in the World

Everyday I speak to people thinking about moving some of their assets out of the United States. Maybe they want to diversify out of the dollar or maybe to buy a home abroad. And, every day, I get the same question - are the banks safe?

We Americans are so conditioned to think that the United States is the pinnacle of business, success, and stability that anywhere else is risky. Ask your friends what banks they think are the safest in the world and I’ll bet 90% will name some big bank in America.

If fact, the US has some of the highest risk banks in the developed world. Our failure rates are high and our capital ratios low. Next time your friends are giving you grief for wanting to protect your assets abroad, show them this list of safest banks in the world.

According to Global Finance, the world’s safest banks are:

  1. KfW, Germany
  2. Zürcher Kantonalbank, Switzerland
  3. Landwirtschaftliche Rentenbank, Germany
  4. L-Bank, Germany
  5. Bank Nederlandse Gemeenten, Netherlands
  6. Nederlandse Waterschapsbank, Netherlands
  7. BANK, Germany
  8. Caisse des Dépôts et Consignations, France
  9. Banque et Caisse d’Epargne de l’Etat, Luxembourg
  10. Société de Financement Local (SFIL), France
  11. TD Bank Group, Canada
  12. DBS Bank, Singapore
  13. Oversea-Chinese Banking Corporation, Singapore
  14. United Overseas Bank, Singapore
  15. Rabobank, Netherlands
  16. Royal Bank of Canada, Canada
  17. National Australia Bank, Australia
  18. Commonwealth Bank of Australia, Australia
  19. ANZ Group, Australia
  20. Westpac, Australia
  21. Nordea, Sweden
  22. Bank of Nova Scotia, Canada
  23. Svenska Handelsbanken Sweden
  24. Hang Seng Bank, Hong Kong
  25. National Bank Of Abu Dhabi, UAE
  26. Caisse centrale Desjardins, Canada
  27. HSBC, United Kingdom
  28. Sparkassen-Finanzgruppe (Sparkasse), Germany
  29. China Development Bank, China
  30. Bank of Montreal, Canada
  31. CIBC, Canada
  32. Agricultural Development Bank of China China
  33. Export-Import Bank of China, China
  34. HSBC France, France
  35. Korea Finance Corporation, South Korea
  36. Industrial Bank of Korea, South Korea
  37. Korea Development Bank, South Korea
  38. Pohjola, Finland
  39. CoBank United States
  40. AgriBank United States
  41. National Bank of Kuwait, Kuwait
  42. Export-Import Bank of Korea (KEXIM), South Korea
  • CoBank and AgriBank are both agricultural development banks. These are not commercial banks and should not be included in this list. For this reason, I have included numbers 41 and 42.

Note that there are no American commercial banks in the top 40. America gets beat out by all of Western Europe and Canada when it comes to bank stability. Even China and South Korea school our fragile banks.

If you’re thinking of moving your assets out of the US, you are likely moving to a lower risk financial institution. Forget the hype, nationalism, and fear mongering America is so great at. Going offshore is better than doing nothing and hoping everything will be alright.

The US government has done all it can to prevent you from moving your cash out of the country. They have implemented all kinds of rules that make it nearly impossible for offshore banks to accept you as a client. As a result, 90% of banks around the world are closed to you.

I’ve been writing on the industry since 2003 and track changes throughout the world. I’ve built up quite a database of offshore banks and am working daily to improve that list through relationships and research.

Please contact me at info@premieroffshore.com for a list of international banks that we recommend. We can also assist you to open accounts at secure institutions around the world.


Print pageEmail page
Share This

      Contact Us for more information regarding this article and any other questions you may have!
 
SHARE THIS:
Tweet about this on TwitterShare on FacebookShare on Google+Share on StumbleUponShare on LinkedIn
Print pageEmail page