Banks in Singapore - List of Singapore Banks

There are 119 commercial banks, 49 merchant banks and 45 other banks with their offices in Singapore. Commercial banks in Singapore are categorised into two types- 1) Local Banks and 2) Foreign Banks. Local Singapore Banks are divided into full banks and defunct banks. Foreign banks in Singapore are divided into full banks, qualifying full banks, wholesale banks and offshore banks.

Below you’ll find list of all popular banks in Singapore.

Popular Banks in Singapore

List of Banks in Singapore

American Express Bank Singapore

American Express Bank, abbreviated as Amex, is an internationally acknowledged American multinational (NY based) banking corporation, which has its prominent presence in Singapore. Its main office in Singapore is located at 1 Marina Boulevard, #22-00, One Marina Boulevard, Singapore 018989. Wholly administered by American Express Group, the commercial bank offers a series of financial products, solutions and services to thousands of its valued clients in Singapore.

Apart from private and corporate banking, consumer credit, business finance, corporate finance the banking enterprise also offers finest solutions for risk management investment solutions. One of the top demanding services of Amex is American Express Card. It offers varieties of credit card options like Cash-back Cards, Personal Cards, Singapore Airlines Credit Cards, Corporate Cards and Dining Credit Cards to its Singaporean clients.

Special Financial Products and Services

Membership reward programs
Insurance
American Express mobile app
International wire-based remittance
Comprehensive online services

Account holders of DBS, UOB or OCBC, Singapore banks can pay their American Express Card bills through those websites. The bank has more than 200 Self-service Automated Machines in 900+ AXS stations located across the Singapore island.

Bangkok Bank Singapore

Embarking on its commercial journey on 30th March 1957 merely with 14 staff and small set up at South Bridge Road, as of today, the Singapore operation of Bangkok Bank is administered from its own multistoried bank building situated at 180 Cecil Street. Since foundation, it has grown in multi-folds and has been accredited by the Monetary Authority of Singapore (MAS) with licensing to operate as a commercial bank in Singapore.

Bangkok Bank Singapore branch offers a wide array of commercial banking services to its southeast Asian clients. The products and services can be categorized as under:

Deposit Related

Savings Deposits
Current Accounts
Fixed Deposits
Call Accounts

Corporate Banking

Commercial Lending
Overdraft
Letters of Guarantee
Short-term Loan solutions
Long term Loans
Misc Services
Trade Finance/ Import Services
Import Letter of Credit/ Import Document collection
Invoice based Financing
Air Waybill Endorsements
Shipping Guarantees
Export Services
Confirmation of Letters of Credit
Bank Guarantee
Remittance
Foreign Exchange Services
Online Banking
others

Bank Mandiri

Acknowledged as one of the most consistent banking institutions born in Indonesia, Bank Mandiri has been committed to provide proactive, state-of-the-art and full-fledged financial solutions to its clients in Singapore. Among the first five overseas banks introduced by Bank Mandiri, Indonesia, Singapore is one major. The branch is operational under its offshore banking license approved by Singapore’s Monetary Authority on 31st July 1999.

One of the major service areas of Mandiri bank Singapore is its active participation in lending services that boost business relationship among business enterprises operating in Singapore and Indonesia. It meets working capital needs to project completion finance and other commercial funding facilities to its banking clients. The bank specializes in

Trade finance
Fixed income bonds and securities
Treasury services
Deposit services
Investment loan/ working capital loan
Mandiri Securities
Remittance services
Securities and Capital market

Situated in Asia Square Tower 2, the Indonesian bank is committed to offer the best professional management oriented banking services to all its overseas banks.

Bank of China, Singapore

Incepted in 1936, BOC or Bank of China, Singapore Branch is outfitted with the nation’s Qualifying Full-Bank Licensure to operate in Singapore. With over 22 outpost branches and more than 200 ATMs spread over prominent city places in Singapore, the 80 years veteran team of banking experts has been activated to offer a full range of financial solutions to its consumers from Singapore, China and other places.

Bangkok branch Singapore is the pioneering bank in its category to bring forth the full range of RMB services for its esteemed customers. The Services include-

RMB Deposit
RMB Loans
RMB Remittance
RMB Cash Exchange
RMB Clearing
RMB Finance and Trade Settlement
RMB bond underwriting and distribution
RMB Wealth Management Products
RQFII investment services

Core Services

Deposit of local and foreign currency and remittance
Personal loans
Wealth management services
Credit card
Debit card
Unit trust / Insurance products
Foreign exchange
Mortgage loans and investments
International trade services,
Trade finance/ corporate lending,
Syndication loans/ structured finance,
Investment advisory/ custodian service,
Investment banking
Asset management
& RMB services

Bank of India Singapore

Bank of India, a major Indian banking counterpart started its operation in Singapore on 4th June 1951. With a wholly computerized banking system, the banking group is supported with Domestic as well as ACU licenses. Apart from general banking services it offers specialized solutions for individuals and business merchants in Singapore.

Key services include:

Commercial/ Corporate finance
Forex trading
Investment in major currencies and advisory
Insurance
Remittance of varied banking products through BOI’s 4963+ branches with CBS facility

The bank has a superfast remittance centre at 120 Serangoon Road and centrally located Central business office in Singapore.

Bank of Singapore

Founded in 2010, Bank of Singapore is a Singapore based wholly owned private banking wing under OCBC Bank management. Formerly acknowledged as ING Asia Private Bank, the banking group was acquisitioned by OCBC in 2009 and renamed as Bank of Singapore. With over 1800 employees working under it, the prominent banking group offers services to its clients through a very strong network of branch offices and ATMs, counting an office located in the Dubai International Financial Centre, representing branches in Manila and Dubai and a full-fledged area office in Hong Kong. In London, it offers client services through OCBC’s London office. Apart from general banking services offered by its parent bank, its specialized banking services include

Personalized wealth management
Investment solutions
Lending products and services
Estate planning and management
Financial Analysis and consultancy for international equities

The core market area of Bank of Singapore, Rated AA1 by Moody’s is spread across Southern Asia, Middle East (Gulf countries) and Greater China. As on Dec 2016, it is estimated to hold AUM (asset under management) worth of $79 billion.

BNP Paribas Bank Singapore

BNP Paribas, the distinguished global banking group established its main branch in Singapore in way back 1968. Equipped with 2,000 + employees, BNP Paribas Singapore operates as similar to a regional service hub for BNP in its Southeast Asian operation. This regional hub oversees operation of all BNP branches and its subsidiaries scattered in countries like Indonesia, Thailand, Malaysia, Vietnam, and the Philippines.

BNP Paribas Singapore SWIFT Codes / BIC

Calyon

Located at 168, Robinson Road, Calyon is a Calyon Financial group company as well as a key member of Crédit Agricole Group Singapore. The financial establishment offers specialized services to its clients on varied financial products, services and brokerage. In 1987, the financial group was established in the name of Carr Futures with three offices situated in Chicago, Singapore and Paris.

Later in 1997, this was acquired by Crédit Agricole and further rebranded as Calyon Financial. Subsequently, it is on 2nd Jan 2008, Calyon Financial was amalgamated with NEWEDGE AND FIMAT. After the merger, both companies came in a single platform and formed CALYON Credit Agricole CIB, a full licensed bank in Singapore.

Based Singapore the financial group offers a comprehensive range of banking products and services international commodity traders, importers and refiners apart from the community of Singapore. The services include-

Corporate and investment banking
Fixed income
Trade finance facilities
Capital market
Insurance

Citibank International Personal Bank Singapore

Citibank International Personal Bank Singapore, also known as Citibank IPB Singapore is a key division of Citibank Singapore Limited. The IPB branch offers specialized banking services to individuals who are desirous to invest their money in other countries by means of offshore banking.

At this moment, Citibank IPB Singapore has only one operating branch located at 8 Marina View, Asia Square Tower 1, Singapore 018960. Do note that visitation to the branch is by appointment only.

Citibank Singapore

A division of the American major banking group Citibank N.A.; the Citibank Singapore Limited got incorporation in Singapore on 28.June 2004. Since then, the world’s largest banking specialist group has multiplied its business operation in this foreign Island in a distinct way. The bank has its headquarters located at Asia Square while the main branch building is standing at the famous Capital Square.

Citibank Singapore Branches
Citibank ATMs in Singapore
Citibank Singapore SWIFT Codes / BIC

DBS Bank Singapore

Founded in 1968, DBS bank is a Singapore based banking and financial service enterprise in Asia. With a global business footprint, the banking group is operational in 18 countries worldwide.

DBS Bank Branches in Singapore
DBS Bank Singapore SWIFT Codes / BIC

Hong Leong Bank

Based in Malaysia, Hong Leong Bank Berhad one of the renowned financial services groups in the world map which has significant market presence in Hong Kong, Singapore, Vietnam, China and Cambodia.

The technology driven bank also known as “HLB” or “the Bank” has been listed in Bursa Malaysia boasts the traditional Malaysian culture and entrepreneurship customs in its everyday business.

Hong Leong Finance Branches in Singapore

HongKong and Shanghai Banking Corporation

HSBC’s banking operation in Singapore commenced in 1877 with the initiation of opening the foremost branch by The Hongkong and Shanghai Banking Corporation Limited, its associate bank. Being one of the pioneering banks to support Singaporeans have exclusive banking services, the role of HSBC has been spontaneous when it comes to Singapore’s economy and fiscal services over the centuries. As a qualifying full banking establishment, HSBC Singapore these days offers a series of world standard banking and fiscal solutions in Singapore including
retail banking

wealth management;
corporate banking
individual and commercial loan,
investment and private banking;
credit cards;
insurance;
trustee services;
capital market and securities services.

With its early presence in Singapore market, it has contributed a lot toward the development of home sector business enterprises, institutional and retail group customers apart from providing banking needs to private customers. Outfitted with its corporate headquarters at Collyer Quay, where the first office was set-up, numbers of branches and ATM counters HSBC Singapore boasts a very strong, enriched banking network on this Island.

HSBC Singapore

When it comes to the world’s largest banking and financial groups, no wonder HSBC takes a significant place. HSBC initiated its foremost bank in Singapore in the year 1877, during the time when Singapore’s port was considered as the largest one connecting business people between Hong Kong and Kolkata.

HSBC Singapore Branches and ATMs
HSBC Singapore SWIFT Codes / BIC

ICBC Singapore Branch

The ICBC’s Singapore branch (Industrial and Commercial Bank of China) was established and started functioning in 1993. It is the foremost overseas subsidiary unit of ICBC. Located at 6 Raffles Quay #01-01 Singapore 048580 the ICBC Singapore is one of the successful banking groups in this biggest business hub that could properly utilize it’s commercial fertility and geographical benefits in its growth by offering unmatched banking products and services to the nation. The services offered by CBC in Singapore include

Personal current account

By opening a personal current account in ICBC Singapore one can transfer funds to and fro any place through US or Singapore dollar and other currencies without hassle

Wide range of Remittance Services

RMB remittance settled in advance
Remittance sent by Singapore Dollar can be received in China beneficiary in RMB
FX remittance in original currency
Fast remittance service for different currencies

Abroad study financing

An exclusive banking product offered by ICBC for Chinese students desirous to studying abroad

Personal FX Fixed Deposit

One can open a multi currency fixed-deposit account in ICBC Singapore for a minimum period and get the advantage of depositing USD, EURO, and Australian Dollar with higher interest rate.

Currency Exchange

A wide range of currency exchange services offered for US dollar, HK dollar, RMB, Euro, Australia dollar, Sterling pound, Japanese yen, Thai baht or Malaysian ringgit and so on.

Personal Fax Trading

Just by opening a personal account in ICBC, you can place an order via fax and the Singapore Branch will follow all your instructions including exchange rate on a particular day.

ICICI Bank Singapore

ICICI Bank Singapore is a part of India based ICICI Bank. It caters it’s Singapore customers with 3 ICICI Bank Singapore branches.

ICICI Bank Singapore Branches
ICICI Bank Singapore SWIFT Codes / BIC

Indian Overseas Bank Singapore

Indian Overseas Bank or IOB, a nationalized Indian banking group came forward with its first foreign bank in Singapore in the year 1941. As a knowledgeable establishment in banking services immediately after its introduction, it offered a series of services to individuals and corporate sector in Singapore. It extensive banking services include

Savings bank
Fixed deposit
Current account
Retail banking
Trade finances
Private and corporate credit
Comprehensive NRI services
Merchant banking
Cross-selling insurance product solution
Multi-city check facility

It has its own bank multistoried premises located in Cecil street, that comes between Raffles place and China Town Metro Station. With fully automated SWIFT computerized banking mechanisms it offers customers with the great facility to use any IOB branch for currency deposit, withdrawal, remittance advantage. The depository service provided by IOB Singapore also includes Equity Trading, DP Forms and DP centres. The bank is serving this fast growing nation and major business hub for more than 6 decades.

JPMorgan Chase

Founded in 1964, JPMorgan Chase Singapore is acknowledged as one of the globally leading financial service providing enterprises to corporate enterprises, public sector and other institutes. Being operational in more than 100 countries the banking group boasts remarkable contribution in volunteer and philanthropic activities to ensure well-being in community life.

JPMorgan Chase Bank Singapore SWIFT Codes / BIC

Maybank Singapore

In the midst of Asia’s top leading banks, one is Maybank which also demonstrates it as the 4th largest banking groups in South East Asia in terms of its net worth. With crossing 2400 offices spread over 20 countries, Maybank has emerged as one of the major global banks worldwide.

In Singapore, Maybank earned certification of a Qualifying Full Bank and commenced its overseas operation in the world famous business hub in 1960 with the opening of its first branch in South Bridge Road. Over the last 5 decades of its operation in Singapore, it has earned a notable footprint in Singapore market for its immense contribution and extensive services in retail, wholesale and global business world.

Maybank Branches and ATMs in Singapore

Oversea-Chinese Banking Corporation (OCBC)

Headquartered in Singapore, Oversea-Chinese Banking Corporation Limited, abridged as OCBC Bank, is one of the major publicly listed banking and financial service groups in Singapore. Incepted in 1932 merging three local banks, the oldest Singaporean banking group has later been recognized as the 2nd largest financial service provider in South-East Asia by its net worth and amid the most highly-rated banks worldwide.

OCBC Branches in Singapore
OCBC ATM Locations in Singapore

P T Bank Negara Indonesia (Persero) Tbk bank Singapore

The P T Bank Negara Indonesia (Persero) Tbk bank initiated its banking operation in Singapore on the 14th day of Oct’ 1955. This is the only Indonesian bank that has a license of a Full-Bank to operate in Singapore. With a very strong banking network through the city, the renowned bank of Indonesia offers the following services to Singaporeans.

Remittance of money to and fro Indonesia and across the world
Current account and Fixed deposits
Attractive package to corporate and commercial lending
Import / Export trade financing
Treasury solutions
Insurance

Apart from the above, the esteemed bank also offers a few exclusive financial products and services in Singapore, and these are:

BNI SING-Plus

Folks of Singapore are welcome to open their SGD or USB personal banking savings account merely with US$ 50.00 OR S$ 50.00 supported with attractive interest and facility banking.

Medical / Hospital Guarantee

For emergency hospital visits, instead of carrying cash or any kind of currency, you can get healthcare services through bank guarantee of BNI.

Custodian Services

Backed by solid custodian services background for Eurobonds, the knowledgeable bank offers comprehensive services for safe keeping of customer securities.

The bank’s headquarter is situated at 39, Robinson Street.

POSB Bank

Initiated its operation merely as a Post Office Savings Bank on Jan 1st, 1877, as of today POSB Bank is recognized as the oldest banking service providing groups in Singapore. Also operating as a subsidiary of DBS Bank, the major traditional public bank has been popular to Singaporeans due to its unbeatable low-cost banking services to savings bank holders, bank charge exempted services for children, students under 21 years and National Servicemen. Services offered by the oldest bank include

Savings bank
Current Deposits
Fixed Deposits
Business, Home loan and Mortgages
Credit Cards
Debit Cards

On 16th Nov 1998, The POS Bank (Post Office Savings Bank) was acquired wholly by DBS Bank for S$ 1.6 billion.

These days, POSB bank is operational with one of the largest numbers of local branches in Singapore, located chiefly in the suburban areas and also having the highest number of ATM counters in Singapore. The depositors of DBS bank can use Cash Deposit Machines installed by POSB Bank and vice versa.

RHB Bank

Embarked on its business voyage in 1961 in Singapore, RHB Bank underwent a number of mergers and acquisition projects and eventually established its solid wing of banking services as UMBC widely known as RHB Bank Berhad Singapore in 1999. In 2011, it has celebrated the group’s 50 years of being in the industry as well, a growing path of success where it has offered its deep insight and excellence in financial products services for its clients.

RHB Bank Branches and ATMs in Singapore

State Bank of India, Singapore

State Bank of India opened its first branch in Singapore in back 1977 equipped with an offshore banking license. The branch known as ‘Little India’ situation adjacent to Farrer Park MRT Station is the largest bank in Singapore from India. Subsequently, the major Indian bank earned Full Bank licensure from Singapore Authority in 2008.

SBI Singapore Branches and ATMs

The Bank of East Asia, Singapore Branch

Incorporated in Hong Kong, the Bank of East Asia presented initiated its banking operation in Singapore of being fully licensed bank with ACU (Asian Currency Unit) operation in 1952. Especially for the business group, the emergence of BEA’s Singapore Unit happened to be a windfall which helped make the most crucial commercial link between in Hong Kong and Singapore business deals covering over the ASEAN regions.

Situated in the city centre of corporate Singapore, the BEA Building, 60 Robinson Road offers a series of financial products and services matching to corporate and individual banking needs. The key services offered by BEA in Singapore include

Retail banking
Private banking
Foreign currency deposits
Commercial lending
securities services

The Bank of Tokyo-Mitsubishi UFJ Singapore

The Bank of Tokyo-Mitsubishi UFJ commenced its banking business in Singapore in back 1959. However, its function became more aggressive in Singapore subsequent to the transition of its regional headquarters of Asia and OCEANIA from Japan to Singapore in July 2013. These days, with a well equipped major regional headquarter; The Bank of Tokyo-Mitsubishi Singapore office itself covers is commercial operation in 13 countries over South Asia, Oceania and Southeast Asia.

The bank also offers services to its clients under the brand name MUFG in Singapore and as Bank of Ayudhya (‘Krungsri’) in Thailand.

The varieties of services offered by the bank in Singapore include:

Lending advantage in Singapore dollar as well as other popular currencies;
All kinds of deposit accounts in Singapore dollar and other demanding currencies;
Electronically based cash management services;
Import-Export management, overseas remittances /ARPS;
Treasury Services for G-7 and all Asian currencies;
Advisory on Private Loan Securities/ Mortgages;
Corporate/ Business finance;
Corporate Investment and consultancy;
Project financing, bank guarantee services;
Merger and Acquisition project advisory and financing;

Islamic Bank of Asia

The Islamic Bank of Asia widely known as IB Asia was introduced by the major DBS Bank Singapore on 7th May 2007. While its major share is acquired by DBS, the stakeholders of IB Asia include 34 well-heeled industrialists and investors of Gulf countries. IB is the only Asia-based bank which has banking license from the Dubai International Financial Centre.

With a thorough understanding of Asian banking market, expert bankers and solid Middle Eastern banking network, IB Asia has been focused on offering customers with private banking, commercial banking, capital market, corporate finance and insurance solutions and services.

One speciality service of the bank is Islamic banking that includes Musharaka, Mudaraba, Ijarah and Istina. The bank is continually seeking for innovative solutions and banking services for its clients based on the dynamic banking concepts two distinct regions. For business people looking for Islamic Letter of Credit and financing, the banking services of IB Asia is top sought for.

UCO Bank Singapore

UCO Bank, an Indian banking group initiated its Singapore banking operation on 21st of April 1951. With over 5 decades of banking operation in the international market, as of day, UCO bank has 4 major branches in Singapore and Hong Kong. The Singapore branch of UCO Bank has supported a number of Indian banking group to foster international linkage within various countries and banking sector business.

Located in Bharat Building, UCO Bank Singapore and its branches offer the finest class of international standard banking services, products and financial solutions to its vast clientele. It also offers custom-made services to major clients, business personalities and well-heeled Singaporean families. To name a few of its services offered in Singapore include

Retail business

Deposits
Fixed deposits
Remittances
Credit Cards
Deposit safety lockers

Corporate business

Commercial loan
Current Account
Remittance
Insurance
Investment

United Overseas Bank

Formerly, incorporated and known as the United Chinese Bank, later in 1965 the establishment emerged as United Overseas Bank based Singapore. Followed by a string of successful acquisition projects, well organized management and committed customer services, UOB has been rated amongst the top listed banks globally, backed by Aa1 rating from Moody’s and AA-rating from Standard & Poor’s.

To name a few among UOB’s major subsidiaries include United Overseas Bank Thailand, United Overseas Bank Malaysia, United Overseas Bank China, PT Bank UOB Indonesia, Far Eastern Bank and United Overseas Bank (China). With a crisscross banking network counting 500+ offices spread over 19 countries; its business is extended in Asia Pacific, Western Europe and Northern America. It has extremely prominent business footprint in Singapore, Indonesia, Thailand, Malaysia and China.

UOB Branches in Singapore
UOB ATM Locations in Singapore
United Overseas Bank Singapore SWIFT Code