Top 10 Banks in Singapore

Banks can help you save better, earn more, pay less on interests yet help enhance your financial assets. Service from banks can help you and your business grow better, provided you take the right pick and select a brand which is customer centric and service oriented. Singapore, one of the fastest and strongest developed nations, has numerous banks operating to serve the nation and its citizens. The island country is South East Asia's banking hub and the major international banks have their branches located here.

Singapore houses Asia's safest banks. The top ten banks functioning at their best are:

1.Developmental Bank of Singapore: Offering a wide spectrum of corporate and personal banking services, DBS is one of the leading groups providing financial services in Singapore. With a customer count of more than four million, DBS has bagged the award of "Safest Bank in Asia" consecutively for four years.

2.Post Office Savings Bank: Operating as a subsidiary bank of DBS, POSB of Singapore provides its customers various banking services since 1998. They offer a range of services, along with a kids saving account, which helps you plan better and save more for your kid’s future.

3. United Overseas Bank: One of the leading banks of Singapore, UOB caters services in several frontiers- be it deposits and loans, insurance or investment, or solutions for business. UOB has a track of being a very customer centric bank. Moody's Investors Service has not only deemed the bank as one of the World’s top bank but also rated it "Prime 1" and "Aa1" for long and short- term bank deposits, and "B" in area of financial strength.

4. OCBC Bank: One of the oldest established banks of Singapore, OCBC was formed on the merger of three banks(local). The bank was accredited the title of "Best Retail Bank" in Singapore by The Asian Banker , for two consecutive years. The bank was also recently awarded Excellence in Customer Relationship Management.

5.Standard Chartered Bank: A bank with worldwide branches, Standard Chartered serves customers with both-wholesale and consumer banking needs. A highly trusted bank with an extensive networking, SCB has been deemed as Best Trade Bank in Singapore and in 2010 was a proud recipient of Global Finance Award.

6.Citibank: Citibank Singapore is amongst the world's largest banks, operating in Singapore since 1902, the bank offers a wide range of financial service to its consumers worldwide. Along with investment facilities and deposit accounts, Citibank also offers charge cards, mortgages, credit cards and insurance to its customers. Recipient of “Best Bank in Singapore” award in 2007, Citibank has been deemed as one of the best in investment banking sector.

7.HSBC: A prominent bank in Singapore, HSBC provides a wide range of financial and banking services to its customers, tailored in a manner to meet their needs. Global Finance in 2009 proclaimed HSBC to be the Best Corporate / Institutional Internet Bank in Singapore. Moreover, the bank is an approved Primary Dealer in the Singapore Government Securities Market.

8.Bank of America: With worldwide branches, Bank of America provides advisory expertise, about product, market, strategy and industry, to help its clients meet their meet their financial needs with complete satisfaction. A financial advisor providing understanding after analyzing the complexities of the individual's business completely, Bank of America is committed to aid its customers.

9.State Bank of India: One of the largest amongst the commercial banks in India, SBI operates seamlessly across the globe. Providing services to its customers at corporate and individual level, SBI in Singapore operates with a status of full bank. In 2010 the bank was awarded with Strongest Bank in the Asia Pacific Region Award.

10.Barclays bank : Barclays' biggest office in Asia is in Singapore. It being the regional hub of Asian private banking business and mainstay for numerous global functions is an important branch for the bank.

Disclaimer: The data provided here is based on the facts and research using available sources. As the data is made available on "as is" basis and subject to change anytime. This website shall not be liable for any discrepancy found in the data on our site and actual figures.

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