Kaupthing Moves Up Top World Banks Ladder

(PRWEB) July 18, 2007

Kaupthing Bank is now in the 142nd position of the top banks in the world, according to the annual ranking of the international finance magazine “The Banker”. Last year Kaupthing Bank was in 177th position and it has therefore jumped 35 places in just one year.

The rankings are based on the definition of Tier 1 capital as defined by Basel’s Bank for International Settlements (BIS). Some of the banks below Kaupthing on the list include DEPFA Bank in Ireland (152), Bradford & Bingley in the UK (189) and Caixa Catalunya in Spain (196). Bank of America Corp ranks as the top bank in the world, followed by Citigroup in second position and HSBC Holdings in third.

The best 10 banks according to The Banker are:

1 Bank of America Corp

2 Citigroup

3 HSBC Holdings

4 Cr

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