Cyprus & World News

BANKING: Hellenic named ‘safest bank’ in Cyprus

09 September, 2014

Hellenic Bank, the island’s second biggest lender that was recapitalised earlier this year by private investors, has been named as one of the ‘safest banks’ in more than 100 countries, according to the Global Finance magazine survey to be published in the November issue.
Banks were selected through an evaluation of long-term credit ratings — from Moody’s, Standard & Poor’s and Fitch — and total assets of the 1000 largest banks worldwide. For commercial banks to qualify for this ranking, they must not be majority owned by government or regional authorities.
“Geopolitical risk is rising in some markets and new regulations are causing corporates to re-evaluate their banking relationships worldwide. It is essential for companies to have a clear view on the strength and stability of their banking partners.” said Global Finance publisher and editorial director Joseph D. Giarraputo.
The ranking provides an objective tool for benchmarking and analysis on a country-by-country basis, he said.
The report also includes the World’s 50 Safest Banks, World’s Safest Banks By Region, World’s Top 50 Safest Commercial Bank, Top 50 Safest Banks In Emerging Markets, Safest Emerging Markets Banks by Region, Safest Islamic Financial Institutions In The GCC, World’s 50 Biggest Banks and the Biggest Emerging Markets Banks.
The safest banks by country are:

North America
Canada: TD Bank Group
United States: CoBank

Western Europe
Andorra: Credit Andorra
Austria: Raiffeisen Bank International
Belgium: KBC
Cyprus: Hellenic Bank
Denmark: Danske Bank
Finland: Pohjola
France: Caisse des Dépôts et Consignations
Germany: KfW
Greece: National Bank of Greece
Iceland: Landsbankinn
Ireland: Bank of Ireland
Italy: UniCredit
Liechtenstein: LGT Bank
Luxembourg: Banque et Caisse d’Epargne de l’Etat
Malta: Bank of Valletta
Netherlands: Bank Nederlandse Gemeenten
Norway: DnB
Portugal: Banco Santander Totta
Spain: Santander
Sweden: Nordea
Switzerland: Zürcher Kantonalbank
United Kingdom: HSBC

Central & Eastern Europe
Albania: Credins Bank
Armenia: Ardshininvestbank
Azerbaijan: International Bank of Azerbaijan
Belarus: Belarusbank
Bulgaria: Societe Generale Expressbank
Croatia: Zagrebačka banka
Czech Republic: Česká spořitelna
Georgia: Bank of Georgia
Hungary: OTP Bank
Kazakhstan: Development Bank of Kazakhstan
Latvia: Citadele banka
Lithuania: Šiaulių bankas
Poland: PKO Bank Polski
Romania: BRD - Groupe Société Générale
Russia: Sberbank
Slovak Republic: VÚB banka
Slovenia: Banka Koper
Turkey: Türk Ekonomi Bankası
Ukraine: Ukrsotsbank
Uzbekistan: Ipoteka Bank

Middle East
Bahrain: Gulf International Bank
Egypt: National Bank of Egypt
Israel: Bank Hapoalim
Jordan: Arab Bank
Kuwait: National Bank of Kuwait
Lebanon: Bank Audi
Oman: BankMuscat
Qatar: Qatar National Bank
Saudi Arabia: Samba Financial Group
UAE: National Bank Of Abu Dhabi