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CoBank Named To "World’s 50 Safest Banks" List By Global Finance Magazine

CoBank has once again been named to Global Finance magazine’s list of the safest banks in the world.

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 credit rating agencies. CoBank was first named to the list in 2011.

"We’re extremely pleased to have earned this distinction for the second year in a row," said Robert B. Engel, CoBank’s president and chief executive officer. "In a market environment that remains volatile and complex, our customers need a sound financial partner that is able to reliably meet their borrowing needs. Under the guidance of our board, we continue to build the financial strength of CoBank and manage the enterprise for the long term."

The ranking will be published in the October issue of Global Finance. Further information is available at the magazine’s web site at www.gfmag.com.

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