Safest Banks in Australia

Following are the best and safest banks in Australia:

National Australia Bank (NAB)
- In 2010, National Australia Bank was ranked as the world's 11th safest bank (and the safest in Australia) in the Global Finance Magazine's Safest Bank Rating.
- NAB is Australia's leading business bank for both lending and deposit market share. In 2009, Business Banking was named Business Bank of the Year by CFO Magazine and achieved the highest business customer satisfaction rating among the major banks (in the $5 million - $500 million segment), according to a survey by East & Partners.

Westpac Banking Corporation
- It is ranked 2nd in the country and 12th in the world among the safest banks (Global Finance 2010).
- Westpac is ranked in the top 5 listed companies by market capitalisation on the Australian Securities Exchange Limited (ASX). As at 31 March 2010, its market capitalisation was $83 billion.
- The Westpac Group has branches and affiliates throughout Australia, New Zealand and the Pacific region, with offices in key financial centres around the world including London, New York, Singapore and Hong Kong.

Commonwealth Bank of Australia
- It is among the top three safest banks in Australia. In terms of scale, the Group has a strong domestic presence with the largest customer base of any Australian bank and operates the largest financial services distribution network in the nation with the most points of access.
- The Commonwealth Bank Group provides a comprehensive range of retail banking services including personal loans, home loans, credit cards, transaction accounts, and demand and term deposits through its Commonwealth Bank and Bankwest brands.

Australia and New Zealand Banking Group (ANZ)
- It is ranked 4th among the World’s Safest Banks in Australasia 2010 (Global Finance).
- It is one of the ten largest and most successful companies in Australia. ANZ shares and related securities are listed on the Australian and New Zealand exchanges.

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