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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 07:48

Several Scandinavian banks included in Global Finance ranking of the world's safest banks

BC, Riga, 04.10.2016.Print version
Several Scandinavian banks that are also represented in Baltic States have been included in a list of 50 safest banks in the world, compiled by the Global Finance magazine.

Sweden's Svenska Handelsbanken is in 13th place in the ranking published on Global Finance website, Nordea (Sweden) is in 29th place, Swedbank (Sweden) is 30th, SEB (Sweden) is 44th, DNB (Norway) is 45th, and OP Corporate Bank (Finland) is in 50th place.


This is the first time Swedbank and SEB are included in the ranking.


German bank KfW is in first place in Global Finance's ranking. KfW has topped the list for five years in a row.


The ranking is based on 500 largest banks' long-term credit ratings and assets. European banks dominate the top ten this year again, despite Brexit and the turbulent economic environment in Europe.

 






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