Nordea takes the highest ranking  among all Latvian banks on the world’s safest banks list

Nordea recognised the 22nd safest bank in the world

Financial magazine Global Finance has listed Nordea in the 22nd place in the rating of the world’s safest banks. The World’s 50 Safest Banks 2009 were selected through a comparison of the long-term credit ratings and total assets of the 500 largest banks around the world, as well as by applying . Ratings from Moody’s, Standard& Poor’s and Fitch ratings.

Global Finance has published its “World’s Safest Banks” listing for 17 years and this ranking has become a recognized and trusted standard of creditworthiness for the entire financial world. Such has been the turmoil in the world’s banking industry that, for the first time, Global Finance magazine is publishing a mid-year update of its much respected Safest Banks listing.

“The rating agencies have determined these banks have demonstrated a more prudent and sustainable approach to risk than their peers,” says Global Finance publisher Joseph D. Giarraputo. “More than ever customers all around the world are viewing long term creditworthiness as the key feature of the banks with which they do business.”