Wow... Global Finance published the list of world's 50 safest banks. Singapore's three local banks all manage to get into this list (at least in this financial storm).
DBS comes in 24th, UOB and OCBC come in 34th and 35th, respectively. Congratulations! For such a small little country, all 3 local banks can make it to the top 50. It is not something to be sneezed at.
The other banks that make it to the top 50 mostly come from Germany, France, Spain, Australia, Canada and of course, the king of the banking section, Switzerland.
Mind you, DBS is also the safest bank in Asia! Other Asian banks that manage to have a position in the list are mainly from Japan. None of the banks from greater China appears in the list. None from other South-East Asian countries, either.
Friday, August 28, 2009
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