by Clare Francis. To begin with, Finland’s banking sector is considered to be one of the safest in the world due to the fact that there are mostly savings and co-operative banks. But people have now started asking which bank is safe for fixed… Read More Which are safe banks for Fixed Deposits in India (2020-21)? Late last month, the journal published its 20th annual ranking of the world's 50 safest banks. Some of the leading global banks have managed to retain their position on the list while others have either gone up or down in the rankings in 2020. Collins Nweze . Very surprised about Guatemala! For the first time ever, a bank from New Zealand made it onto Global Finance’s World’s 50 Safest Banks … The Safest Banks in the World for 2020 . Ranked: The safest banks in the world. Zürcher Kantonalbank in Switzerland is ranked the second safest bank, followed by Landwirtschaftliche Rentenbank and L-Bank, both also German. By Jess Sheldon PUBLISHED: 23:10, Thu, Aug 13, 2020 Agribank is a part of the US Farm Credit System and only acts as a wholesale lender. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. The press releases for all of Global Finance’s Safest Banks 2020 rankings are linked below. The world's safest banks in an annual ranking (top 50) made by the Global Finance magazine. How safe is your bank? Similarly like Norway and other Scandinavian countries, Sweden has a very safe banking system. On October 27, Global Finance conducted a Sub-custody Roundtable, moderated by publisher and editorial director Joseph Giarraputo. Canada’s banking system is a textbook example of stability. Every year, this financial magazine evaluates and ranks the world’s safest places to bank. Safest Banks in North America 2020 About Global Finance Global Finance, founded in 1987, has a circulation of 50,000 and readers in 191 countries. Additionally, South Africa’s so-called Big Four Banks (Standard Bank, First Rand Bank, Nedbank, Barclays Africa) are widely seen as some of the safest ones in the world. If you’re looking for a new bank, you have hundreds of options to choose from, but every year, it seems like there are more banks who enter the market. Even more, all global banks have their branches in Hong Kong; so, there is a variety of options to choose from. PS – Please do note that I am not saying that all other banks are bad (Nor trying to create any panic via this article). Some are countries I didn't necessarily think that would be on top but good for them I guess. But as you rightly mention, isn't that why Panama is such a tax haven! European banks are well represented throughout our rankings, occupying the first 11 positions and representing 27 of the Global Top 50 Safest Banks. Number 1 rated mobile banking app. I always have heard about Swiss banks and known as it is the safest banks. However, there are certain disadvantages to opening a bank account in Germany as a foreigner. The most secure big banks that offer extra layers of protection from fraud, theft, and hackers. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. This was demonstrated by a new report from New York-based magazine Global Finance. I am glad you found it interesting. The banks that make this list must fall within the largest 1,000 banks in the world. Luxembourg is also home to Banque et Caisse d’Epargne de l’Etat; a bank that’s often cited as one of the safest banks in the world. 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