Handelsbanken is Europe’s safest bank – again

Handelsbanken remains the safest commercial bank in Europe, according to Global Finance’s annual analysis of over 500 banks worldwide.

“Handelsbanken’s decentralised business model, founded on close, long-term relationships with our customers, is at the core of our way of running a bank,” says Carl Cederschiöld, Handelsbanken’s CFO.

Handelsbanken’s long-term approach and low risk tolerance form the basis for its strong, profitable growth over time, and gives the Bank great flexibility and capacity to help its customers, regardless of the economic climate.

“The Bank’s credit-granting process is tried and tested and has proved successful in economic upturns as well as downturns. Our top ranking from Global Finance is further confirmation that the rating agencies feel secure with Handelsbanken,” says Carl Cederschiöld, Handelsbanken’s CFO.

Handelsbanken is the bank with the highest credit rating among all privately-owned peer banks, as well as the highest rating globally when looking at the combined assessments of the leading credit rating agencies: Fitch, Moody’s, and S&P. 

“A long-term approach, trust, close relationships with customers and a strong balance sheet characterise the work to maintain Handelsbanken’s high credit quality,” says Carl Cederschiöld.

Global Finance’s “The World’s 50 Safest Commercial Banks” is an annual ranking of the 50 safest commercial banks worldwide. Royal Bank of Canada was top of the list. Handelsbanken was in fifth place – and thus continues to be the safest bank in Europe. The list does not include banks that are majority owned by governments or regions. Global Finance’s ranking of the safest banks is based on analyses of over 500 banks worldwide.

Read more about the survey here. 

For further information, please contact:
Handelsbanken Press Office, [email protected], +46 8 701 80 18

For more information about Handelsbanken, see: www.handelsbanken.com