The report from Global Finance measured each company by assets investor grades. Moody's ratings chart was indicative of the relative credit risk of fixed-income obligations. Fitch provided a credit rating, and S&P measured by the ‘ability and willingness of an issuer.’

Caisse des Depots et Consignations is headquartered in Paris, France. The French bank stands in 10th place with assets of US$207.6mn, and a total score of 24 out of 30, averaged from Fitch (AA), Moody’s (Aa2) and S&P (AA).

Banque et Caisse d'Epargne de L'Etat is a national financial institution founded in 1856 and governed by the law as of March 24, 1989. The bank has headquarters in Luxembourg City and goes by the name Spuerkeess in Luxembourgish. With assets of $54,305, Banque et Caisse d'Epargne de L'Etat has achieved NR, Aa2 and AA+ across the three grading systems, placing it in ninth place.

NRW.BANK is a state development bank of North Rhine-Westphalia, with headquarters in Düsseldorf, Germany. It was originally founded in 2002 and now has 1,348 employees. The bank achieved top marks from Fitch (AAA), but lower marks from Moody’s and S&P (Aa1, AA-). As of the end of December 2018, it had assets of $175.2mn.

Landwirtschaftliche Retenbank is Germany’s development agency for agribusiness. The bank has its headquarters located in Frankfurt am Main, Germany with 285 employees. At the end of 2017, the company had assets of $108.7mn, placing it in fourth place in the rankings.

Founded in 1949, the bank boasts a rich history as the successor of Deutsche Rentenbank, which was originally established to issue the Rentenmark in 1923 to combat hyperinflation. Today, Rentenbank encourages a wide range of investments with its low-interest loans.

L-Bank, (Landesbank Baden-Württemberg) has achieved the highest marks that can be issued by Fitch Ratings, Standard & Poor’s and Moody’s Investors Service. It has assets of over $84.6mn, and as of 2018, became Germany’s largest state-backed Landesbank lender. The company was founded back in 1999, and formed through the merger of SüdwestLB, Landesgirokasse, and the commercial banking business of L-Bank. L-Bank has its head office in Stuttgart, and has over 10,000 employees.

The Nederlandse Waterschapsbank (NWB Bank) (English: Netherlands water boards bank) is a Dutch bank that specialises in the financing of waterboards and local governments. NWB Bank has been owned by public authorities since its creation in 1954. The bank has the smallest body of staff of the companies to achieve full marks across the Fitch, Poor’s and Moody’s ratings, with 39 employees.

Kommunalbanken (KBN) is a Norweigan AAA/Aaa/AAA rated local government funding agency, located in Oslo, Norway. The bank has been entirely owned by owned by the Royal Ministry of Local Government and Regional Development on behalf of the Kingdom of Norway since its creation in 1927. KBN has assets of $47,738.

Zuercher Kantonalbank (ZKB) is the largest Cantonal bank, and fourth largest bank in Switzerland. It achieved full marks across Fitch Ratings, Standard & Poor’s and Moody’s Investors Service, and places third in GL’s rankings with $167.9mn in assets. The Incorporated public-law institution has just over 5,000 employees across 80 offices. The offices are largely based in the city of Zurich, but also has regional advisory offices in Beijing, Mumbai, Singapore, Panama, and Sao Paulo.

The Bank Nederlandse Gemeenten (Netherlands Municipal Bank, BNG) is a private Dutch bank and Local Government Funding Agency. The company was founded in 1914 in The Hague as the Gemeentelijke Credietbank (Municipal Credit Bureau), and was later renamed to Bank voor Nederlandsche Gemeenten in 1922, before eventually becoming Bank Nederlandse Gemeenten in the late 1990s. The company offers financing exclusively to (semi-)public organisations, such as municipalities, provinces, public utilities and public housing.

Though BNG scored in 5th place in The Global Finance’s top 10, as of March 2019 it was announced that Fitch had increased its rating of the company from AA+ to AAA, bringing it up to second place with a total score of 30, and assets of $167.9mn.

KfW achieved a full score across the three investors services, but claims first place with distinctly higher assets of $566.4mn. The KfW, formerly KfW Bankengruppe, is a German state-owned development bank, based in Frankfurt. Today, is has over 6,376 employees at 80 local offices and representations globally. Since its foundation in 1948, it has since provided over $1.9trn in loans.

KfW maintains a strong interest in trending concerns worldwide, particularly regarding sustainability and domestic promotion. In the last year, KfW has granted over 500,000 promotional loans, venture capital investments and promotional grants. KfW is responsible for a quarter of financing of SMEs in Germany.