List Headline Image
Updated by Smith432 on Feb 22, 2020
Headline for List of banks in Singapore
Smith432 Smith432
13 items   1 followers   0 votes   1 views

List of banks in Singapore

This is a list of banks with operations in Singapore. Location of incorporation is provided in brackets for foreign banks. Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act. Since 18 July 2001, banks were no longer permitted to engage in non-financial activities.

Local banks
In a bid to encourage consolidation of the local banking industry to form larger banking conglomerates better able to regionalise and compete with foreign banks, the government liberalised the banking sector by awarding greater liberty for foreign banks to operate in Singapore in 2001. Since then, the number of local full banks has shrunk by more than half to four today.

Full banks
There are presently five locally incorporated full banks in Singapore, owned by three banking groups. These full banks have the liberty to provide any financial service as permitted by the Banking Act.[1]

OCBC Bank Singapore - BanksinSG.COM

OCBC Bank Singapore which is also known as Oversea-Chinese Banking Corporation is the oldest bank in Singapore.

Standard Chartered Singapore - BanksinSG.COM

Standard Chartered Singapore is a United Kingdom-based international bank which started its operations in Singapore in 1859.

ICICI Bank Singapore - BanksinSG.COM

ICICI Bank Singapore is one of the banks operating in Singapore but originally the bank is an Indian bank with more than $152 billion.

Maybank Singapore - BanksinSG.COM

Maybank Singapore is a Malaysian bank that provides services to Singapore citizens and visitors.

HSBC Bank Singapore - BanksinSG.COM

HSBC Singapore is one of the oldest banks in Singapore which was founded in 1877.

Citibank Singapore - BanksinSG.COM

Citibank Singapore is a United States-based banking institution offering financial and banking services in Singapore since 1902.

Bangkok Bank Singapore - BanksinSG.COM

Bangkok Bank Singapore is one of the banks which offer banking services to enterprises.

DBS Bank Singapore - BanksinSG.COM

DBS Bank Singapore is one of the biggest banks of the world and providing financial services as a multinational bank.

UOB Bank Singapore - BanksinSG.COM

UOB Bank Singapore (United Overseas Bank) is a multinational bank in Singapore.

UOB Bank Singapore Swift Code - BanksinSG.COM

UOB Bank Singapore Swift Code is UOVBSGSG and this 8 numbered code also can take 3 digit branch code more.

DBS Bank Singapore Swift Code - BanksinSG.COM

DBS Bank Singapore Swift Code can be found on our web site.

Best Savings Account With High Interest In Singapore 2019

What are some of the best high interest savings accounts in Singapore? Don’t settle for a low interest rate of less than 1%. With the right combination of fa...

r/singapore - People with multiple bank accounts, which bank are you most satisfied with in terms of overall service,...

r/singapore: Welcome to /r/singapore the reddit home of the country Singapore.