Singapore is one of the leading financial centres in the world and a major financial hub in Southeast Asia.
The advanced banking system of the country counts 124 local and foreign banks, which provide services ranging from consumer banking & asset management to stock exchange & investments.
All banks in Singapore are divided into the following types:
ANZ Singapore operates in the country as a branch of the Australia and New Zealand Banking Group Limited, one of the Big Four banks in Australia.
Deutsche Bank Singapore operates as the head office of the bank in Asia Pacific, employing more than 2,000 people.
DBS Singapore is a multinational banking company founded in 1968.
The bank serves over 4.6 million retail customers via the largest network of more than 2,300 branches, ATMs, and self-service outlets.
POSB Singapore (or Post Office Savings Bank) operates as a subsidiary of the DBS (Development Bank of Singapore), providing services since 1988.
Standard Chartered operates in Singapore is a Qualifying Full Bank, offering services to both businesses and individuals. The bank has a network of 17 branches, 6 priority banking centres, and 29 ATMs.
UOB Singapore is one of the major banks in the country serving customers through a network of around 70 branches.
HSBC Singapore is one of the country’s major commercial banks, operating there since 1877.
Citibank Singapore is a qualifying full bank. It is one of the oldest in the country, operating there since 1902.
SBI Singapore (or State Bank of India) is among the top 20 banks in Singapore, providing a full range of financial services to its customers in the country and abroad.
Bank of China Singapore is one of the major foreign banks represented in the country. It provides personal banking, corporate banking, deposits and personal loans, remittance and foreign exchange services.
RHB Singapore operates since 1961 offering consumer, business, corporate, treasury and investment banking services.
Maybank Singapore is a branch ofMalayan Banking Berhad, offering a full range of services with 22 offices strategically located across the city.
BEA Singapore operates as a branch of Hong Kong-based Bank of East Asia, the largest independent local bank.
Malayan Banking Berhad, trading under the name Maybank, is a Malaysian Bank with key operating markets in Malaysia, Singapore and Indonesia.
Founded in 1935, UOB has grown to become one of the largest banks in Asia, with branches across the globe. UOB offers a variety of services, including bank accounts, personal loans, insurance, credit cards, and investments.
The Post Office Savings Bank commonly referred to as POSB is a financial services provider that was established in 1877 in Singapore.
Being one of the leading and the biggest financial services provider in Asia, DBS bank is comprised of more than 250 branches. The bank’s activities are spread across 17 markets of Southeast & South Asia, and China.
With $61 billion assets and 1800 employees, Maybank Singapore is one of the biggest financial services providers in the country.
For most adults, a bank account is an essential part of modern life. A bank provides not only a place to store money, but an opportunity to grow assets and invest in the future.
In today’s world, a bank account is an essential part of life for millions of people. Banks provide people with a safe place to store their money and keep track of their records, as well as receive financial advice and other important services.
Public/banking holidays in Singapore commemorate ten separate events and festivals, important to the nation, seven of the holidays being religious in nature, while the other three are “secular”.