Top 10 Banks In Singapore Gaining Maximum Blissful Interests

ashish dwivedi
3 min readMay 29, 2023

The Top 10 Banks in Singapore Gaining Maximum Interest are the Development Bank of Singapore (DBS), Overseas Chinese Banking Corporation (OCBC), and United Overseas Bank (UOB)followed by other local and foreign banks in Singapore listed in the article with their structure & financial status.

Top 10 Banks in Singapore Gaining Maximum Blissful Interests

Singapore’s market is one of the finest and best places for many public banks house world Bank Singapore and financial institutions in Singapore to create their historical bank rankings landmark and to boom their horizon. The Government’s trending policies and support are the most vital reasons for which many foreign banks have structured their subsidiary in Singapore.

It is a paradise location for banks in Singapore for foreigners, and local and foreign country banks in Singapore which allows them to connect around the globe with ease. The perfectionist standard of living of people in Singapore has created a substantial market for banks to employ.

That assembles Singapore as the “banking hub, a place of convergence “. And in the year 2013, the total volume of assets of the banking quarter in Singapore numbered around US $2 trillion.

Overview & Financial Structure of Top 10 Banks in Singapore

Before peeking into the Top 10 Banks in Singapore there are above 150 Top banks in Singapore providing their banking services that can be categorized into major two roots with subdivisions. Below is the list of banks in singapore.

Local Banks

There are primarily listed 6 local banks in Singapore. Among them, the top 3 local banks are the Development Bank of Singapore(DBS), Overseas Chinese Banking Corporation(OCBC), and United Overseas Bank (UOB).

Foreign Banks

The 150+ foreign banks across the world are marking their mark in Singapore which are further subdivided into different categories.

  1. - There majorly 27 full-time working banks. ABN Amro, BNP Paribas, and HSBC are the most notable among them.
  2. Wholesale Banks — The Capital City is framed with 53 wholesale banks. Barclays Bank, ING Bank, and National Australia Bank are the most significant.
  3. Offshore Banks — There are significantly 37 offshore Singapore-based banks. Korea Development Bank, Bank of Taiwan, etc. are noticeable on the list.
  4. Merchant Banks — There are around 42 merchant banks in Lion City, Singapore. Axis Bank, Credit Suisse Singapore Ltd., etc. are citable.

List of Top 10 Banks in Singapore

  • DBS Group (banks of all banks)
  • Overseas Chinese Banking Corporation
  • United Overseas Bank
  • Bank of Singapore
  • Citibank Singapore
  • CIC Singapore
  • HSBC Singapore
  • Maybank Singapore
  • Standard Chartered Bank
  • RHB Bank

FAQ — Top 10 Banks in Singapore

Now that we come to the end of our list of the Top 10 Banks in Singapore. Please feel free to rate and share you opinion to list of largest banks in the world.

  • Which is the best bank in Singapore?
  1. The Development Bank of Singapore (DBS) is highly rated and the best bank in Singapore.
  • What are the top 7 banks of Singapore?
  1. Citi Singapore Ltd, DBS Bank Ltd, HSBC Bank (Singapore) Ltd, Maybank Singapore Ltd, Oversea-Chinese Banking Corporation Ltd, Standard Chartered Bank Singapore Ltd, and United Overseas Bank Ltd are the seven trusted banks in Singapore.
  • Which Banks of India are also available in Singapore?
  1. At Present in 2023, there are 8 Indian banks present in Singapore. While Bank of Baroda, Bank of India, Indian Bank, Indian Overseas Bank, UCO Bank, and Axis Bank have one branch each, there are two branches of ICICI Bank and five SBI branches in Singapore.

Originally published at https://moneymystica.com on May 29, 2023.

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ashish dwivedi

writing articles on trending news and finance always been my passion, so i bring here the latest price prediction on cryptocurrency and finance