Jul 31, 2015

    3 S'pore banks among world's strongest

    SINGAPORE'S big three banks have been ranked by Bloomberg Markets magazine as among the world's 10 strongest lenders.

    OCBC Bank was ranked the highest among the trio, at No. 3 on the list, followed by DBS Bank in ninth spot and United Overseas Bank coming in 10th.

    Top of the list this year is Hong Kong's Hang Seng Bank, which also topped the list last year. Japan's Norinchukin Bank stays in second place, after having tied for that spot a year ago.

    This marks the fourth time in the last five years that all three Singapore banks were listed among the world's 10 strongest banks in the annual Bloomberg ranking, which evaluates private and public lenders based on five weighted financial indicators.