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BancoEstado: the safest bank in Latin America

Felipe Roca

, Jun 06, 2012. 03:00

In April, the publication held its global ranking of the 50 safest banks worldwide. Financial institutions that have uploaded their score since October 2011 have been published in their last edition .
In Latin America, BancoEstado is in 46th place in the overall standings, followed by Santander Chile, Banco de Chile and BCI. This group exceeds financial institutions of countries such as Mexico and Brazil.
The ranking analyzes the world's 500 largest banks divided by Region (North America, Eastern Europe, Central and Eastern Europe, Asia, Australia and New Zealand, Africa and Latin America). Subsidiaries are evaluated for their long-term loans through various companies as Moody, Standard & Poors Ratings and Fitch, who performed the analysis and ratings of banks' total assets.
Segismundo Schulin-Zeuthen, BancoEstado’s Chairman, highlighted the work developed by this state company, adding that this recognition: "reassures millions of Chileans who entrust their savings and investments to this institution."
The 50 safest banks Worldwide:
1. KfW (Germany)
2. Bank Nederlandse Gemeenten (BNG) (Netherlands)
3. Zürcher Kantonalbank (Switzerland)
4. Landwirtschaftliche Rentenbank (Germany)
5. Caisse des Dépôts et Consignations, CDC (France)
6. Landeskreditbank Baden-Württemberg Förderbank (L-Bank) (Germany)
6. Nederlandse Waterschapsbank (Holland)
7. Banque et Caisse d'Epargne de l'Etat (Luxembourg)
8. Rabobank Group (Netherlands)
9. NRW.Bank (Germany)
10. Royal Bank of Canada (RBC) (Canada)
11. Toronto-Dominion Bank (TD Bank) (Canada)
12. National Australia Bank (Australia)
12. Commonwealth Bank of Australia (Australia)
13. Westpac Banking Corporation (Australia)
14. Scotiabank (Bank of Nova Scotia) (Canada)
15. DBS Bank (Singapore)
16. Oversea-Chinese Banking Corporation (Singapore)
17. United Overseas Bank (Singapore)
18. Caisse centrale Desjardins (Canada)
19. HSBC Holdings (UK)
20. Nordea Bank (Sweden)
21. Australia and New Zealand Banking Group (ANZ) (Australia)
22. Svenska Handelsbanken (Sweden)
23. Bank of Montreal (BMO) (Canada)
24. Canadian Imperial Bank of Commerce (CIBC) (Canada)
25. BNY Mellon (USA)
26. Pohjola Bank (Finland)
27. BNP Paribas (France)
28. China Development Bank (China)
29. DZ Bank (Germany)
30. Agricultural Development Bank of China (China)
31. CoBank ACB (USA)
32. National Bank of Abu Dhabi (United Arab Emirates)
33. National Bank of Kuwait (Kuwait)
34. Pictet & Cie (Switzerland)
35. Deutsche Bank (Germany)
36. JPMorgan Chase (USA)
37. Banque Fédérative du Crédit Mutuel (BFCM) (France)
38. U.S. Bancorp (USA)
39. DNB Bank (Norway)
40. National Bank of Canada (Canada)
41. Northern Trust Corporation (USA)
42. Qatar National Bank (Qatar)
43. Samba Financial Group (Saudi Arabia)
44. La Banque Postale (France)
45. Bank of Taiwan (Taiwan)
46. Banco del Estado de Chile (BancoEstado) (Chile)
46. Shizuoka Bank (Japan)
47. Barclays Group (UK)
48. Crédit Agricole (France)
49. Bank of Tokyo-Mitsubishi UFJ (Japan)
50. Banco Santander (Spain)