The bank is an institute that allows us to deposit our money, do saving and take loans. People from all over the world has been trusting bank since ages and putting their money in the bank. With so much money kept in the bank, the bank needs to be safe and provide us assurance. Banks can be regulated by the government or by the central bank. The bank uses our deposit for their purposes and provides us with a small interest on our money. Also, the bank charges us with interest for the loans we take from the bank. If we want to put our money in the bank, the bank must be reliable enough. Some safest banks around the globe are mentioned below:
1)KfW: This bank is the safest in the world and is located in Germany. This bank, founded in 1948 after World War ll, providing its customers withbonds which the federal government. It allows its customers with loans at lower interest rates than other banks. This bank was mentioned in the Global Finance magazine as the safest bank in the world. This bank is very trustworthy and had an asset of €472.3 billion in 2017.
2)Zuercher Kantonalbank: This is the biggest bank in Switzerland, and provides us with a wide range of services and facilities. This bank offers its service both nationally and internationally and makes sure its customers benefit the most from them. This bank was founded in 1870 and had its headquarter inBahnhofstrasse 9 Zurich 8010. This bank was marked as one of the safest banks in the world’s top five banks in October 2009.
3)Landwirtschaftliche Rentenbank: This bank is also situated in Germany and was founded in 1970. It had a total asset of 90.2 billion EUR and 304 employees. This bank concentrates on the best for their customers and hence provides their customers with low-interest loans. This bank is one of the largest banks in Germany and is also within the fifteen most prominent banks globally.
4)Bank NederlandseGemeenten: The headquarters of this bank is located in The Hague, Netherlands. This bank was founded in 1914. The specialty of this bank is it does not provide for any private customer but only for public organizations for public works. This bank was rated as the third safest bank in the world by the Global Finance magazine.
5)Nederlandse Waterschapsbank: This bank is also situated in the Netherlands and is widely known for financing public organizations. The CEO of this bank is Ron Walker. This bank also does not provide any financial aid for private sectors but only for general work purposes. In 2013, this bank was placed 6th in Global Finance’s world’s 50th safest bank.
6)NRW.Bank: This bank is situated in Germany and has headquarters in Dusseldorf and Munster. This bank provides their client with low interest and offers companies and people loans for their purposes. This bank promises to work with all banks and saving banks without any motive of competing.
7)Kommunalbanken: This bank is situated in Norway with its headquarter in Oslo. This bank is owned by the Royal Ministry of Local Government and Regional Development, providing loans for the local sector of government. This bank provides public services and offers low-cost funding.