Banking in Singapore


Singapore, one of the most urbanized nations of the world boasts of a market-friendly economy. The island-state is dotted with the multi-national companies that are well known for conducting good business performances. In order to maintain good business prospects the presence of high standard banks and efficient banking services are necessary. Banking in Singapore can be favorably compared with the other developed nations of the world. Singapore features over 140 commercial banks and 80 merchant banks. Most of the banks in Singapore offer full banking services that comprise of checking and savings accounts, ATMs, fixed deposits, safe deposit boxes, loans, overdrafts and transfers. There are many foreign banks nestled in Singapore that aims at providing efficient and useful services to the customers.

The major foreign banks in Singapore are the ABN AMRO Bank, Bank of America, Wells Fargo International Banking Group, Bank of Nova Scotia, Bank of Tokyo-Mitsubishi, Banque Indosuez, Banque Nationale de Paris, Barclays Bank, Chase Manhattan, Citibank, Credit Suisse First Boston, Deutsche Bank, Hongkong and Shanghai Banking Corporation (HSBC), Moscow Narodny Bank, National Australia Bank Ltd, Standard Chartered Bank, Sumitomo and the Union Bank of Switzerland. Our site focussingapore offers detailed information about banking in Singapore. Banking in Singapore includes in its list the following topics:


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