DENVER (September 12, 2016) – CoBank, a leading cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, has been named to Global Finance magazine’s list of the world’s safest banks for a sixth consecutive year.
Global Finance, which covers the financial services industry, publishes the “World’s 50 Safest Banks” list annually. Banks are ranked using a methodology that includes total assets and an evaluation of long-term ratings from major rating agencies. CoBank was first named to the list in 2011.
“Supporting rural communities and agriculture with reliable, consistent credit and financial services is central to CoBank’s mission,” said Robert B. Engel, CoBank’s chief executive officer. “Market conditions in many of the industries where our customers operate can be volatile, and our bank’s financial strength helps these critical rural businesses to grow and thrive. We are pleased to have earned this distinction for the sixth year in a row, as we believe it reflects our bank’s commitment to financial stewardship while providing exceptional value to our customers.”
The ranking will be published in the November issue of Global Finance. Further information is available at the magazine’s web site at www.gfmag.com.