As part of its 30th annual ranking of the safest banks in the world, Global Finance, an American magazine of international reference in the field of financial news, has just unveiled its ranking of the safest banks in the world in 2021, and Attijariwafa bank won the prestigious “safest bank in Africa” award for the second year in a row.
The magazine selected the banks based on an assessment of long-term foreign currency ratings – from Moody’s, Standard & Poor’s and Fitch – of the 500 largest banks in the world.
Joseph Giarraputo, editor and editorial director of Global Finance said that “the past year has demonstrated a notable resilience of the banking sector, which has stood as a bulwark against collapse during the coronavirus pandemic, providing funding to emergency to customers”. He added, “The safest banks are models of stability and continue to provide the necessary support to governments and communities seeking to recover from the shocks of the pandemic.”
This distinction comes on top of the “Best Investment Bank in Morocco” awards, awarded by the same magazine in 2021.