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About Banking in Singapore

The World Economic Forum, in its report - The Global Competitiveness Report 2010–2011, has ranked Singapore at # 9 in terms of soundness of banks in the country. The Monetary Authority of Singapore (MAS) is the Central Bank of the country.

Singapore Banking in 2013

On February 25, 2013, the central bank, MAS, has announced imposing financing restrictions on Motor Vehicle Loans. However, on March 8, 2013, it exempted borrowers who are physically disabled or who are caregivers of the physically disabled from the financing restrictions on motor vehicle loans granted by financial institutions (FIs).

New coins

MAS announced it will be introducing new set of coins - the Singapore Third Series featuring the nations icons and landmarks - the Merlion, Port of Singapore, Changi Airport, Public Housing and Esplanade. The currently in use Second Series coins were first introduced in 1985 and featured local plants and flowers, depicting Singapore as a garden city.

Banks / ATMs by region

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Banks in Singapore

  • ABN AMRO Private Bank
  • ABSA Bank Limited
  • American Express
  • Australia and New Zealand Banking Group Limited
  • Banca di Roma S.P.A.
  • Banca Monte Dei Paschi di Siena S.P.A
  • Bank of East Asia Limited
  • Bank of Singapore
  • Bank of Tokyo-Mitsubishi Limited
  • Barclays Bank PLC
  • Bayerische Hypo-und Vereinsbank Aktiengesellschaft
  • Chang Hwa Commercial Bank Limited
  • Chiao Tung Bank Company Limited
  • China Construction Bank Corporation
  • Citibank Singapore Limited
  • Commerzbank Aktiengesellschaft
  • Cr?dit Agrocole (SUISSE) SA
  • Cr?dit Industriel et Commercial
  • Deutsche Bank Aktiengesellschaft
  • Dexia Banque Internationale ? Luxembourg SA
  • Dnb NOR Bank ASA
  • Dresdner Bank Aktiengesellschaft
  • DZ Bank AG Singapore Branch
  • Far Eastern Bank
  • First Commercial Bank Limited
  • Fortis Bank S.A./N.V.
  • Hang Seng Bank Limited
  • Hongkong and Shanghai Banking Corporation Limited
  • HSBC Private Bank (Suisse) SA
  • HSH Nordbank AG
  • Hua Nan Commercial Bank Limited
  • Islamic Bank of Asia
  • JPMorgan Chase Bank
  • KBC Bank N.V.
  • Landesbank Baden-Wuerttemberg
  • Mizuho Corporate Bank Limited
  • Moscow Narodny Bank Limited
  • National Australia Bank Limited
  • National Bank of Kuwait SAK
  • Norddeutsche Landesbank Girozentrale
  • Nordea Bank Finland PLC
  • Norinchukin Bank
  • Northern Trust Company
  • Oversea-Chinese Banking Corporation (OCBC)
  • Overseas Union Bank (OUB)
  • P.T. Bank Negara Indonesia (Persero) TBK
  • POSBank
  • Raiffeisen Zentralbank Oesterreich AG
  • RHB Bank Berhad
  • Royal Bank of Scotland PLC
  • Sanpaolo IMI S.P.A
  • Siam Commercial Bank Public Company Limited
  • State Street Bank and Trust Company
  • Svenska Handelsbanken AB
  • Tat Lee Bank
  • Toronto Dominion Bank
  • Union de Banques Arabes et Francaises
  • United Overseas Bank (UOB)
  • WestLB Aktiengesellschaft

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