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The transformation of Singapore banks

In 2014, Singapore banks made significant acquisitions, while foreign banks ramped up their local operations here

In Q3, the strongest performance came from the finance & insurance sector, whose growth surged to 10.5% y-o-y, from 5.5% in Q2. 2015 is expected to see banking & finance the star performer again.


THE economy may have slowed somewhat but Singapore's banking sector stood out in 2014 for its continued vibrancy, with local banks leading the charge while foreign ones ramped up their presence, especially in wealth management and trade finance.

The Singapore economy is...

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