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Trading

List of Commercial Banks in Singapore

Published by Gbaf News

Posted on April 19, 2013

1 min read

· Last updated: December 7, 2018

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ABN-AMRO Singapore
AFC Merchant Bank
ANZ Singapore
Arab Bank Singapore Branch
Citibank Singapore
Deutsche Bank AG Singapore Branch
Development Bank of Singapore (DBS)
Keppel TatLee Bank
Oversea-Chinese Banking Corporation Limited (OCBC)
Overseas Union Bank
Standard Chartered Bank
United Overseas Bank

Key Takeaways

  • Singapore’s commercial banking sector includes both local giants and international players.
  • Major local banks include DBS, OCBC, and UOB, with significant regional influence.
  • Foreign institutions like Citibank, Deutsche Bank, ANZ, ABN‑AMRO operate under MAS licenses.
  • Some previously merged or rebranded banks (e.g. Keppel TatLee, Overseas Union Bank) reflect the sector’s consolidation.
  • Merchant banks (e.g., AFC Merchant Bank) focus on wholesale and advisory services rather than retail deposits.

References

Frequently Asked Questions

What are the major local commercial banks in Singapore?
The key domestic banks are DBS Bank, Oversea‑Chinese Banking Corporation (OCBC), and United Overseas Bank (UOB).
Which foreign banks operate in Singapore?
Foreign commercial banks licensed in Singapore include Citibank, Deutsche Bank, ANZ, ABN‑AMRO, among others under MAS regulation.
What is a merchant bank in Singapore?
Merchant banks like AFC Merchant Bank engage in wholesale banking, corporate finance, underwriting, and advisory services, and are not permitted to take retail deposits.

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