Global Finance has announced its 24th annual ranking of the World’s 50 Safest Banks 2015. Between world’s safest banks stands also two banks from Singapore – DBS Bank and Oversea-Chinese Banking Corp., where we offer for our clients, having Singapore registered companies, open bank accounts.
DBS Bank takes 11th and Oversea-Chinese Banking Corp. – 12th place, in this prestige ranking, comparing with last year they both have been moved up one place.
Global Finance’s annual ranking of World’s 50 Safest Banks have been the recognised and trusted standard of financial counterpart safety for more than 20 years. Winners were selected through an evaluation of long-term foreign currency ratings —from Moody’s, Standard & Poor’s and Fitch — and total assets of the 500 largest banks worldwide. This ranking offers companies and investors an objective tool for evaluating the stability and security of the world’s banks — both globally and by region.Despite the still-challenging economic environment in Europe, the continent’s banks continue to dominate the top spots on the World’s Safest Banks 2015 ranking. Germany’s KfW has once again taken the top spot, followed by Zürcher Kantonalbank of Switzerland and Germany’s Landwirtschaftliche Rentenbank.