Most foreign banks have rebounded strongly since the depth of the credit crisis. Some of them have written off all of the losses and have shored up their balance sheets. Investors who avoided bank stocks in the past few months many want to consider adding some of the stronger banks at current levels. Another round of fresh stress tests planned for European banks in June should further raise confidence in this sector.

Ten foreign banks for review are listed below together with their current price and dividend yields.

1.Bank: Banco Bilbao Vizcaya Argentaria S.A (BBVA)
Current Price: $12.65
Current Dividend Yield: 6.64%
Country: Spain

2.Bank: BNP Paribas SA (BNPQY)
Current Price: $39.42
Current Dividend Yield: 2.36%
Country: France

3.Bank:Westpac Banking Corp (WBK)
Current Price: $128.43
Current Dividend Yield: 5.77%
Country: Australia

4.Bank: National Australia Bank Ltd (NABZY)
Current Price: $27.72
Current Dividend Yield: 5.65%
Country: Australia

5.Bank: Bbva French Bank (BFR)
Current Price: $11.63
Current Dividend Yield: 5.87%
Country: Spain

6.Bank: Nordea Bank AB (NRBAY)
Current Price: $11.67
Current Dividend Yield: 2.92%
Country: Norway

7.Bank: Nedbank Group Ltd (NDBKY)
Current Price: $22.25
Current Dividend Yield: 3.44%
Country: South Africa

8.Bank: HSBC Holdings PLC (HBC)
Current Price: $54.35
Current Dividend Yield: 4.40%
Country: UK

9.Bank: Commerzbank (CRZBY)
Current Price: $7.68
Current Dividend Yield: N/A
Country: Germany

10.Bank: Credicorp Ltd (BAP)
Current Price: $103.60
Current Dividend Yield: 1.89%
Country: Peru

Note: Stock price and dividend data noted above are as of April 8, 2011

Disclosure: Long CRZBY,BBVA