Malta has ranked tenth out of 134 countries in a sound banking survey by the World Economic Forum.
The World Economic Forum’s Global Competitveness Report based its findings on opinions of executives and handed banks a score between 1.0 (insolvent and possibly requiring a government bailout) and 7.0 (healthy, with sound balance sheets).
Candaian banks received 6.8 just ahead of Sweden, Luxembourg, Australia and Denmark which all scored a 6.7. On the other hand, Malta scored a 6.6 making it into the top ten.
Countries which fared the worst were Algeria in 134th place (3.9) and Libya (4.0).
WEF’s top 10 soundest banking systems:
1. Canada
2. Sweden
3. Luxembourg
4. Australia
5. Denmark
6. Netherlands
7. Belgium
8. New Zealand
9. Ireland
10. Malta
