Business News

Global Finance: NLB Third Safest Bank in Central and Eastern Europe

New York, 03 September (STA) - Financial monthly Global Finance has ranked Slovenia's biggest bank, NLB, the third safest bank in Central and Eastern Europe in 2010 in its 19th annual list of the world's safest banks. NLB comes behind Czech banks Ceska Sporitelna and Komercni Banka.

The Central and Eastern Europe ranking is a part of the regional breakdown of Global Finance's survey naming the world's top 50 banks, which is topped by German KfW, French Caisse des Depots et Consignations (CDC) and Dutch Bank Nederlandse Gemeenten.

The magazine selects the banks through a comparison of the long-term credit ratings and total assets of the 500 largest banks, and uses ratings from Moody's, Standard & Poor's and Fitch.

"The sovereign debt crisis in Europe and renewed concerns about the global economic outlook are once again putting the spotlight on bank safety," Global Finance says on its website.

The detailed list will be presented in October, when the top 10 ranking banks will be presented awards at a special ceremony during the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington.

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