Banking institutions thrive in Singapore. One of many major motorists of development in Singapore is its banking industry. This might be mainly due to the fact national federal government of Singapore has constantly crafted its regulations and policies in a way that takes into consideration variety and economy.
These guidelines and policies attracted investors from around the globe that led to Singapore becoming a banking hub in Southeast Asia.
It really is worthy to learn that Singapore has over 200 banking entities despite its tiny geographic area. The banking sectors’ assets reached more or less US$2 trillion when you look at the 12 months 2013.
Listed here are the top banking institutions in Singapore and these banking institutions’ stories of beginning and expansion. Each bank that is successful Singapore could be the item associated with the government’s appealing policies, Singapore’s strategic location and several years of work and persistence.
1. Developing Bank of Singapore
The us government of Singapore instituted the key monetary solution in the united states in 1968. The growth Bank of Singapore (DBS) is a Singapore bank that has a lot more than 100 workplaces and branches when you look at the national nation alone. Regardless of being probably the most banks that are popular Singapore, DBS in addition has made its title understood all over Southeast Asia. (more…)