Singapore Banks Safest in Asia
Singapore Banks Safest in Asia

Singapore Banks Safest in Asia

Singapore Banks Safest in Asia

Four Singapore banks have occupied the top 5 spots in this year’s safest banks list in Asia, according to the rankings released by New York-based trade publication Global Finance, AsiaFirst reported. The banks were ranked based on an evaluation of long-term credit ratings and total assets of the 500 largest banks worldwide. DBS topped the Asia list for the eighth consecutive year. It was also named the 12th safest bank in the world. OCBC Bank was ranked second safest in Asia and 14th globally while United Overseas Bank came in fourth in Asia and 16th in the world. Other banks in the top 10 are Korea Development Bank (3rd), Export-Import Bank of Korea (5th), Industrial Bank of Korea (6th), Hong Kong’s Hang Seng Bank (7th). Chinese banks China Development Bank, Agricultural Development Bank of China and Export-Import Bank of China took the 8th, 9th and 10th spots, respectively. Globally, Germany’s KfW took the top spot for the 5th year in a row.


Short URL : https://goo.gl/glVPkm
  1. https://goo.gl/XuCLul
  • https://goo.gl/5Zz8zz
  • https://goo.gl/SLG8MD
  • https://goo.gl/tYorl3
  • https://goo.gl/vKut0s

You can also read ...

According to the new regulations, Cubans will be able to hold only one business license.
The Cuban government has said it wants more foreign investment...
The lira has lost around 45% of its value against the US currency this year, largely over worries about Erdogan’s influence over the economy
Turkey’s central bank on Monday announced it was ready to take...
Trump’s No-Win Trade War
President Donald Trump’s trade war may be fated to fail, for...
World Stocks, Currencies Plummet
World markets shuddered on Monday, as Turkey’s worsening...
Amado Boudou (R) attends his trial on corruption charges  in Buenos Aires on August 7.
Records kept in notebooks of the kinds used by schoolchildren...
(P)GCC Banks  Face Business Risks
A number of (Persian) Gulf Cooperation Council banks that have...
China Printing Foreign Money
China is printing more foreign money as it seeks to expand its...
Singapore Warns Trade Tensions May Lower H2 Growth
Singapore authorities warned of slower economic growth in the...