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Thursday, 14 September 2017

Singapore banks sparkle in 'World's Safest Banks 2017' rankings

Singapore banks sparkle in 'World's Safest Banks 2017' rankings

SINGAPORE banks DBS, OCBC and UOB shone indeed in exchange distribution Global Finance's "The World's 50 Safest Banks 2017" rankings.DBS Bank took an eleventh position, OCBC thirteenth, and UOB fourteenth. They took the initial three places of Asia rankings in that order.As the "Most secure Bank in Asia", DBS will be welcome to Global Finance's honors and 30th commemoration festivity in Washington, DC, in the US, on Oct 14 amid the International Monetary Fund and World Bank yearly meetings.In an Aug 22 report, Maybank Kim Eng Research said that it kept its "impartial" rating on Singapore banks.Exposure to the ambushed oil and gas segment remains a drag, it said.Separately, OCBC Investment Research on Sept 14 redesigned DBS from a "hold" to a "purchase", referring to positive advancements in its riches section and a change in the viewpoint for the neighborhood property showcase.

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