Nationwide, Barclays & HSBC: Some of the world’s safest banks?

7th September 2011

The list was compiled using the long-term credit ratings – from Moody's, Standard & Poor's and Fitch – of banks. It aslo takes into account the total assets of the 500 largest banks worldwide.

Despite Asian economic growth the ten 'safest' banks remained ones based in Europe. Number one on the list was Germany's KfW

Of those operating in the UK Santander came in at no 10, and National Australia Bank came in at 12, NAB owns Clydesdale Bank and Yorkshire Bank. HSBC came 16th while Barclays just made the top 50 at number 49, just ahead of Japan's Bank of Tokyo-Mitsubishi UFJ.

The full list is published on GFM's website

Before you dismiss the list you might want to note the banks ranked between one and 10 will be presented awards at a special ceremony to be held during the Annual Meetings of the IMF and World Bank in Washington later this month.

Some might not agree with GFM's assessment of UK banks.

Mindful Money's economist blogger Shaun Richards believes the UK has a "zombified banking sector" with a restricted credit flow to those who need it. 

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