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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 which is also known as Oversea-Chinese Banking Corporation is the oldest bank in Singapore.
Standard Chartered Singapore is a United Kingdom-based international bank which started its operations in Singapore in 1859.
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 is a Malaysian bank that provides services to Singapore citizens and visitors.
HSBC Singapore is one of the oldest banks in Singapore which was founded in 1877.
Citibank Singapore is a United States-based banking institution offering financial and banking services in Singapore since 1902.
Bangkok Bank Singapore is one of the banks which offer banking services to enterprises.
DBS Bank Singapore is one of the biggest banks of the world and providing financial services as a multinational bank.
UOB Bank Singapore (United Overseas Bank) is a multinational bank in Singapore.
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 can be found on our web site.
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r/singapore: Welcome to /r/singapore the reddit home of the country Singapore.
