30 Jul '15, 3am

OCBC named world's 3rd strongest bank, DBS and UOB also among top 10

OCBC named world's 3rd strongest bank, DBS and UOB also among top 10

SINGAPORE - Singapore's Big Three banks have been ranked by Bloomberg Markets magazine as among the world's ten strongest lenders. OCBC was ranked the highest among the trio, at number three on the list, followed by DBS in the ninth spot and United Overseas Bank coming in 10th. Number one on the list this year is Hong Kong's Hang Seng Bank, which also topped the list in 2014. Japan's Norinchukin Bank repeats in second place, after having tied for that spot a year ago. This marks the fourth time in the last five years that all three Singapore banks were listed among the world's 10 strongest banks in the annual Bloomberg ranking, which evaluates private and public lenders based on five weighted financial indicators. The ratio of a bank's Tier 1 capital to its risk-weighted assets accounted for 40 per cent of each bank's overall score. The ratio of nonperforming assets to tot...

Full article: http://www.straitstimes.com/business/banking/ocbc-named-w...

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