Nationwide Named as One of the World's Safest Financial Institutions

Global Finance magazine has published its annual ranking of the World's 50 Safest Banks and Nationwide is positioned at 41 for 2011.

Only two other UK financial institutions, HSBC Holdings (at 16) and Barclays Group (at 49), made the prestigious list.

Organisations that are included in the top 50 were selected through an evaluation of long-term credit ratings - from Moody's, Standard & Poor's and Fitch - and total assets of the 500 largest banks worldwide.

Nationwide has moved up to 41 in the list from its position of 46 last year.

Graeme Hughes, Nationwide's Group Director for HR & Corporate Affairs, commented: 

"This is further evidence that Nationwide's business strategy of being safe, secure and dependable is successful and puts the Society in an excellent position in the market place. 

"In addition, to be one of only three UK based financial services organisations to make the global list gives our customers added confidence that we will continue to be there for them throughout the challenging economic climate."

Source - MyIntroducer.com