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Today Friday, 29 March, 2024
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June 8, 2012
Canadian Banks are most reliable in the world
According to a recent study of the Bloomberg agency, banks in Singapore, Canada and Hong Kong are the most reliable banks in the world. These results of banks in Singapore, Canada and Hong Kong are due to their high capital adequacy and more qualitative assets. It is noteworthy that the TOP-10 most reliable banks do not have any American or European credit institution. Bank Oversea-Chinese Banking Corp. (Singapore) tops the ranking. The following Canadian banks were acknowledged as the most reliable credit organizations: Canadian Imperial Bank of Commerce (CIBC), Toronto-Dominion Bank, Royal Bank of Canada and National Bank of Canada. Canada’s banks are well managed, well regulated and well capitalized. The international rating agency Moody`s has assigned the largest Canadian banks ratings not lower than A2, which significantly exceeded the assessment of financial institutions in the U.S., Europe and Asia-Pacific region.
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