10 May '11, 7am

S'pore's OCBC ranked world's strongest bank by Bloomberg

S'pore's OCBC ranked world's strongest bank by Bloomberg

SINGAPORE : Singapore's OCBC Bank has been ranked as the world's strongest bank by Bloomberg. OCBC is one of three Singapore banks that made it to the top six in the first Bloomberg Markets ranking of its kind. DBS Group Holdings ranks number 5, while United Overseas Bank is number 6. The ranking, which measures smart banking practices, includes banks with at least US$100 billion in assets. It weighs and combines five criteria, including Tier 1 capital compared with risk-weighted assets; nonperforming assets compared with total assets; and efficiency, a comparison of costs against revenues. Analysts said the achievements of the Singapore banks reflect their capital strength and prudent risk management. They also cite that requirements by the Monetary Authority of Singapore (MAS) are also a factor. James Koh, investment analyst at Kim Eng Research, said: "MAS always had a m...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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OCBC ranked as world's strongest bank

OCBC ranked as world's strongest bank

straitstimes.com 10 May '11, 2am

Mr David Conner, CEO of OCBC Bank. OCBC Bank was ranked as the world's strongest bank, according to data compiled by Bloom...

Bloomberg rates OCBC world's strongest bank

todayonline.com 11 May '11, 1am

SINGAPORE - Oversea-Chinese Banking Corp (OCBC) has been ranked the strongest bank in the world by Bloomberg, based on fig...

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straitstimes.com 12 May '11, 5am

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singaporeseen.stomp.com.sg 10 May '11, 9am

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