Singapore banks strong, but slipping down ranks: Bloomberg

OCBC goes from 2nd to 4th.

From 2010-2011, OCBC ranked 1st among the world’s strongest banks, but Hong Kong’s Hang Seng Bank has gained wind and inched up the list to grab top spot this year while Singapore’s best bet went down two spots.

Second and 3rd places went to Canada’s Desjardin’s Group and Japan’s Norinchukin Bank, respectively.

DBS placed 5th last year and is now 7th, as UOB fell down six notches to 12th.

Bloomberg Markets Magazine obtained a list of public and private banks with total assets of $100 billion or more as of May 1. The banks were evaluated in five categories: ratio of a bank’s Tier 1 capital to its risk-weighted assets, ratio of nonperforming assets to total assets, ratio of reserves for loan losses to nonperforming assets, ratio of deposits to funding, and the efficiency ratio, which compares costs with revenue, received a 5 percent weighting.

View more of the report here.