/ world today news/ The most reliable and stable bank in the world, according to the ranking of the Bloomberg agency, is Singapore’s Oversea-Chinese (OCBC), maintaining its leadership position from last year.
Immediately after it is the Hong Kong BOC Hong Kong Holdings Ltd. Two more Singaporean banks and four credit institutions from Canada appear in the top ten, writes Money.bg.
It is interesting that half of the Canadian banks that are traded on the stock exchange are among the top ten. CIBC took third place, Toronto Dominion fourth, National Bank of Canada fifth, and Royal Bank of Canada ranked sixth. In addition, two more banks from this country ranked 18th and 22nd.
Analysts attribute the undoubted success of Canadian credit companies to their solid metrics, such as capital adequacy, a conservative national banking culture and strict regulation of the country’s financial sector. The local regulator requires banks to have a better ratio between their capital and assets than international standards.
The prudence of Canadians helped them to save significant funds even in times of crisis. Last year, for example, they spent 14.4 billion on the acquisition of new assets. dollars, taking advantage of the decline in their prices.
It is worth noting that not a single American bank is in the top ten of the most reliable banks in the world. JP Morgan takes 13th place, PNC – 17th, a. d BB&T Corp. is as low as 20th. In addition, not a single bank from Europe made it into the top 10.
The ranking, compiled by Bloomberg, includes banks with assets of more than $100 billion.
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