World's Safest Commercial Banks 2021

 

World's Safest Commercial Banks 2021


Global Finance names this year’s 50 safest commercial banks in the world.


For commercial banks, effectively conducting business amid the ongoing pandemic continues to require strong executive leadership and heightened operational execution across the organization. This involves greater reliance on bank employees to develop more innovative digital products and applications, and to create efficiencies to reduce costs and boost profitability.

Accordingly, the sector’s response during the pandemic is viewed as a significant inflection point, where banks were forced to quickly alter global strategy, reengineer business models and implement flexible employee work arrangements to maintain and expand their franchise. Once thought of as temporary, these new strategies and alterations are becoming permanent as the pandemic continues. This year’s rankings of the 50 Safest Commercial Banks provide some valuable insight to how effective these institutions were in response to the challenges from the pandemic.

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Methodology: Behind the Rankings

Under the methodology for the Global Finance World’s Safest Banks rankings, commercial banks that are majority state-owned or receive sponsorship from their governments or regional bodies are excluded. Institutions here don’t benefit from government backing. Additionally, institutions that are wholly owned by their parent company are ineligible. Accordingly, Natixis (parent, Group BPCE) and Credit Industriel et Commercial (parent, Banque Federative du Credit Mutuel) are excluded from this year’s rankings.



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