The Swedish Chamber of Commerce congratulates Patron Member Handelsbanken to the 6th place on Global Finance list of the World’s 50 Safest Commercial Banks 2020!
NEW YORK, October 19, 2020 — Global Finance has named the World’s 50 Safest Commercial Banks for 2020 in an exclusive survey to be published in the November print
and digital editions, and online at GFMag.com. For commercial banks to qualify for this ranking, they must not be majority owned by government or regional authorities.
The top seven banks on the list this year all had identical scores and are presented here ranked in order of total asset size.
North American banks performed very well again this year. Canadian banks took six of the top 20 positions, including the top two. The United States landed eight banks on the
list, more than any other country. France also had a strong showing, with seven banks in the ranking, Australia took four of the top 20 and Singapore took three of the top 10.
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, 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 has been the recognized and trusted standard of financial counterparty safety for more than a quarter-century.
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.
“For most of 2020, the world has been lashed by the COVID-19 pandemic, a steep drop in economic activity and, in some cases, serious social unrest. Any of these
developments could have significantly impacted banks’ credit worthiness,” said Joseph Giarraputo, publisher and editorial director of Global Finance. “Surprisingly however,
the relative position of the world’s largest banks on Global Finance’s World’s Safest Banks 2020 lists has been mostly stable. One can only speculate on when, or if, the
changes will come. In the meantime, the rankings will be used by companies, investors and individuals to gauge the relative safety of the banks with which they choose to do