SINGAPORE: OCBC was named as the strongest bank in the Asia Pacific in the latest ranking announced by financial business intelligence provider The Asian Banker (TAB) on Tuesday (Oct 27).
Singapore’s second largest bank also ranked third globally in the World’s 1,000 Strongest Banks ranking, marking the first time a bank here has finished among the top three since the ranking was introduced in 2023.
In taking top spot in the region this year, OCBC leapfrogged seven Asia Pacific banks that outranked it last year, including DBS, China Merchants Bank and Japan’s SMFG.
DBS took 23th place in the latest list, while United Overseas Bank (UOB) was ranked 187.
The TAB team assessed the 1,000 largest banks globally across seven criteria: sovereign risk, scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.
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