PRESS RELEASE - Safest Bank Awards 2023 - World's 50 Safest Commercial Banks (2024)

Global Finance has named the World’s 50 Safest Commercial Banks for 2023 in an exclusive survey to be published in the November print and digital editions, as well as online at GFMag.com. For commercial banks to qualify for this ranking, they must not be majority owned by government or regional authorities.

Royal Bank of Canada maintains its ranking as the World’s Safest Commercial Bank for 2023, and Canadian banks take 6 of the top 16 positions and 7 overall. Singapore lands three banks in the top five, and the United Sates is represented by 8 banks, the most of any individual country.

In addition to the World’s 50 Safest Commercial Banks, the full report also includes the following: World’s 50 Safest Banks, Safest Banks by Country, Territory and District, 50 Safest Banks in Emerging Markets, Safest Islamic Financial Institutions in the GCC, and Safest Banks by Region (Africa, Asia, Australasia, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe).

Global Finance’s annual rankings of the World’s Safest Banks have been the recognized and trusted standard of financial counterparty safety for more than three decades. Winners were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—of the 500 largest banks worldwide.

“With the rise of inflation and disturbing bank runs happening in the US and Europe, bank soundness remains the cornerstone of worldwide commerce during these stressful times,” said Joseph Giarraputo, founder and editorial director of Global Finance.

Ratings current as of August 18, 2023/Press Release Issued: September 22, 2023

For editorial information please contact Andrea Fiano, editor: afiano@gfmag.com

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AboutGlobal Finance

Global Finance, founded in 1987, has a circulation of 50,000 and readers in 193 countries and territories.Global Finance’saudience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFMag.com — offers analysis and articles that are the legacy of 36 years of experience in international financial markets.Global Financeis headquartered in New York, with offices around the world.Global Financeregularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.

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