Cyprus Hellenic Bank one of the safest banks in a world

14/09/2014
Hellenic Bank, the island’s second biggest lender that was recapitalised earlier this year by private investors, has been named as one of the ‘safest banks’ in more than 100 countries, according to the Global Finance magazine survey to be published in the November issue. Banks were selected through an evaluation of long-term credit ratings — from Moody’s, Standard & Poor’s and Fitch — and total assets of the 1000 largest banks worldwide.

For commercial banks to qualify for this ranking, they must not be majority owned by government or regional authorities. “Geopolitical risk is rising in some markets and new regulations are causing corporates to re-evaluate their banking relationships worldwide. It is essential for companies to have a clear view on the strength and stability of their banking partners.” said Global Finance publisher and editorial director Joseph D. Giarraputo. The ranking provides an objective tool for benchmarking and analysis on a country-by-country basis, he said.

The report also includes the World’s 50 Safest Banks, World’s Safest Banks By Region, World’s Top 50 Safest Commercial Bank, Top 50 Safest Banks In Emerging Markets, Safest Emerging Markets Banks by Region, Safest Islamic Financial Institutions In The GCC, World’s 50 Biggest Banks and the Biggest Emerging Markets Banks.

 


 

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