Two Swedish banking giants crowned world's safest commercial banks
Swedish major banks have surged up this year's ranking of the world's 50 safest commercial banks.
Swedish major banks have surged up this year's ranking of the world's 50 safest commercial banks.
Swedish banking giants Handelsbanken and Swedbank secured first and second place on the ranking, compiled by trade magazine Global Finance.
"Swedish banks make big moves this year," Global Finance noted.
Handelsbanken climbed four spots, moving from number five to number one. Swedbank jumped 16 places to take second place, while SEB rose 15 spots to ninth position.
Nordea, which is headquartered in Helsinki, also featured in the top tier in fifth place, while DNB Bank ranked as the 15th safest and Danske Bank came in at number 25.
State-owned banks are excluded from the ranking, which is based on an evaluation of long-term credit ratings from rating agencies Moody's, S&P Global, and Fitch.
