5 Canadian Banks named in the Worlds 50 safest

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Global Finance

Global Finance magazine named the World’s 50 safest banks this year. These banks were selected through a comparison of the long-term credit ratings and total assets of the 500 largest banks around the world. Ratings from Moody’s, Standard & Poor’s and Fitch were used.

Here’s how Canadian banks ranked:

10. Royal Bank of Canada
14. Toronto-Dominion Bank
23. Scotiabank
33. Bank of Montreal
43. CIBC

KfW Bank in Germany topped the list as the safest bank in the world. Surprisingly, very few Asian banks made it to the top 50 safest banks.