Top Three Singapore Banks by Assets

Includes: DBSDY, UOVEY
by: David Hunkar

The top 3 Singapore banks based on assets held as of December 2008 are listed below:

S.No. Bank Total Assets as of Dec, 2008 (in US $ Mil.) Country Rank by Assets
1 DBS Bank 178,375 1
2 United Overseas Bank Limited 127,113 2
3 Overseas Chinese Banking Corp 126,032 3

Source: BankScope

DBS Group Holdings (OTCPK:DBSDY) is the largest bank in Singapore by assets followed by United Overseas Bank (OTCPK:UOVEY). DBS Group has a 3.84% dividend yield and United Overseas paid a 1.99% yield as of Friday's close.

Some of the other large banks in the country are Overseas Union Bank Limited, Post Bank of Singapore and Keppel Bank of Singapore. As one of the world’s top financial centers, many of the world’s top financial institutions have branches there as well.

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Tagged: , Money Center Banks, Singapore
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