A Bloomberg report has established that Singapore's very own OCBC Bank is the third-strongest bank in the world, trailing behind list topper Hang Seng Bank from Hong Kong and Japan's Norinchukin Bank.
The results released today by Bloomberg Markets magazine ranks 114 banks worldwide, of which includes Singapore's DBS Group and 9th place and UOB at the 10th spot. So you know your money's pretty freakin' secure, compared to the rest of the world.
Bloomberg evaluated public and private banks with total assets of US$100 billion or more, examining elements such as Efficiency Ratios, Nonperforming Assets to Total Assets and other financial jazz.
Hang Seng Bank tops the list for its second year in a row, of which Bloomberg attributes to rising wealth in Hong Kong and mainland China.
Photo: Ilyas Sholihyn
A Bloomberg report has established that Singapore's very own OCBC Bank is the third-strongest bank in the world, trailing behind list topper Hang Seng Bank from Hong Kong and Japan's Norinchukin Bank.
The results released today by Bloomberg Markets magazine ranks 114 banks worldwide, of which includes Singapore's DBS Group and 9th place and UOB at the 10th spot. So you know your money's pretty freakin' secure, compared to the rest of the world.
Bloomberg evaluated public and private banks with total assets of US$100 billion or more, examining elements such as Efficiency Ratios, Nonperforming Assets to Total Assets and other financial jazz.
Hang Seng Bank tops the list for its second year in a row, of which Bloomberg attributes to rising wealth in Hong Kong and mainland China.
Photo: Ilyas Sholihyn