OCBC named world's strongest bank

Three Singapore banks made it to the top twenty list of Bloomberg's World's Strongest Banks.

According to Bloomberg's ranking, DBS ranked 5th and UOB ranked 6th.

Banks with total assets of US$100 billion or more were screened for the ranking.

The banks were scored according to the Tier 1 capital ratio (40%), the ratio of nonperformaing assets to total assets (20%), the ratio of deposits to funding (15%), and efficiency ratio (5%).

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