Canada’s banking system ranks first
The world’s finest banking system is in Canada, tightly followed by Sweden, Luxemburg and Australia. This was revealed by a survey of the World Economic Forum as the world market was bewildered by financial crisis.
But Britain, which used to be included in the top five, has declined to 44th behind EI Salvador and Peru, after its government pledged 50 billion pound into the market to inspire bank balance sheets.
While some of the biggest financial names on Wall Street have fallen apart in the past weeks, the United States ranked only 40, just behind Germany at 39, and other smaller states such as Barbados, Estonia and even Namibia, in southern Africa.
In order to try to restore trust among the frightened financial institution, yesterday the United States was taking into account the idea of buying a part of the debt-laden banks.
Banks were rated by a score between 1.0 (insolvent and possibility requiring a government bailout) and 7.0 (healthy, with sound balance sheets).
Canadian banks got 6.8, followed by Sweden (6.7), Luxembourg (6.7), Australia (6.7) and Denmark (6.7).
All of the UK banks scored 6.0, closely behind the United States, Germany and Botswana, all with 6.1. France, Switzerland and Singapore all scored 6.5, respectively in 19th, 16th and 13th.
The 5 bottom ones of the top 10 were Netherland (6.7), Belgium (6.6), New Zealand (6.6), Malta (6.6) and Ireland, whose government claimed to guarantee personal and corporate deposits at its six major banks. .
Also included in the top 20 were Chile (6.5, 18th) and Spain, South Africa, Norway, Hong Kong and Finland.
Algeria, with the score of 3.9, was in 134th place, the bottom of the list. It was just below Libya (4.0), Lesotho (4.1), the Kyrgyz Republic (4.1) and both Argentina and East Timor (4.2).
Are you interested in the business opportunities in China?
China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.
BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.
Please visit http://www.BPOVIA.com/ for details about our service.
Popularity: 2% [?]