The 16 safest banks in the world

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Europe's economy is still sluggish while China's market volatility continues. Greece has a cash shortage while Argentina carries a hefty debt burden.

It seems as if no bank is safe.

But the best place to store capital right now is in Europe, according to an annual report conducted by Global Finance.

"There have been some big changes in the Safest Banks ranking for 2015-reflecting the volatile markets within which many banks are now operating," said the publisher and editorial director of the publication, Joseph D. Giarraputo.

The finance magazine determined the annual rankings by studying "long-term foreign currency ratings" from Fitch, S&P, and Moody's as of Aug. 2015. And it created a list dominated by European banks.

Germany boasts the most banks on the list, with seven. Three American banks also made it to the top 50 - the highest being AgriBank, at 30th place.

The full report will be published in Global Finance's November issue.

Scroll down to see the list in ascending order.

Click the link to Global Financial for a full list of the 50 safest banks of 2015.

View As: One Page Slides

16. Royal Bank of Canada

16. Royal Bank of Canada

Country: Canada

Assets: CAD$1.086 trillion, or US$819.3 billion

Fitch: AA

Moody's: Aa3

S&P: AA-

15. Banque Cantonale Vaudoise

15. Banque Cantonale Vaudoise

Country: Switzerland

Assets: CHF42.1 billion, or US$43.4 billion

Fitch: N/R

Moody's: Aa2

S&P: AA

14. Société de Financement Locale (SFIL)

14. Société de Financement Locale (SFIL)

Country: France

Assets: €88 billion, or US$99.76 billion

Fitch: AA-

Moody's: Aa2

S&P: N/R

13. United Overseas Bank

13. United Overseas Bank

Country: Singapore

Assets: S$306.7 billion, or US$217.1 billion

Fitch: AA-

Moody's: Aa1

S&P: AA-

12. Oversea-Chinese Banking Corp

12. Oversea-Chinese Banking Corp

Country: Singapore

Assets: S$401.2 billion (Morningstar) or US$284.1 billion

Fitch: AA-

Moody's: Aa1

S&P: AA-

11. DBS Bank

11. DBS Bank

Country: Singapore

Assets: S$440 billion, or US$311.6 billion

Fitch: AA-

Moody's: Aa1

S&P: AA-

10. TD Bank Group

10. TD Bank Group

Country: Canada

Assets:C$1.080.2 trillion, or US$814.5 billion

Fitch: AA-

Moody's: Aa1

S&P: AA-

9. Banque et Caisse d'Epargne de l'Etat

9. Banque et Caisse d'Epargne de l'Etat

Country: Luxembourg

Assets: €41.16 billion, or US$46.66 billion

Fitch: N/R

Moody's: Aa2

S&P: AA+

8. Caisse des Dépôts et Consignations

8. Caisse des Dépôts et Consignations

Country: France

Assets: €143 billion, US$162.1 billion

Fitch: AA

Moody's: Aa1

S&P: AA

7. NRW.BANK

7. NRW.BANK

Country: Germany

Assets: €143.8 billion or US$163 billion

Fitch: AAA

Moody's: Aa1

S&P: AA-

6. Nederlandse Waterschapsbank

6. Nederlandse Waterschapsbank

Country: Netherlands

Assets: €88.25 billions or US$100 billion

Fitch: N/R

Moody's: Aaa

S&P: AA+

5. Bank Nederlandse Gemeenten

5. Bank Nederlandse Gemeenten

Country: Netherlands

Assets: €140.2 billion or US$158.95 billion

Fitch: AA+

Moody's: Aaa

S&P: AA+

4. L-Bank

4. L-Bank

Country: Germany

Assets:

Fitch: AAA

Moody's: Aaa

S&P: AAA

3. Landwirtschaftliche Rentenbank

3. Landwirtschaftliche Rentenbank

Country: Germany

Assets: €80.1 billion or US$90.8 billion

Fitch: AAA

Moody's: Aaa

S&P: AAA

2. Zürcher Kantonalbank

2. Zürcher Kantonalbank

Country: Switzerland

Assets: CHF158 billion, or US$163.04 billion

Fitch: AAA

Moody's: Aaa

S&P: AAA

1. KfW

1. KfW

Country: Germany

Total Assets: €489.1 billion, or US$554.4 billion

Fitch: AAA

Moody's: Aaa

S&P: AAA

The 16 safest banks in the world

The 16 safest banks in the world

Make sure to look at the best consumer banks in the world.

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