Singapore's Big Three clinch higher spots in list of world's largest banks

OCBC made the biggest leap.

Singapore's three largest banks moved up in a list of the world's 100 largest banks for 2015.

The list was compiled by SNL Financial and ranked banks in terms of total assets for the quarter that ended on March 31, 2015.

DBS climbed to rank 75 this year from rank 78 last year, with total assets worth US$332.91b.

Meanwhile, OCBC leap-frogged to rank 79 from rank 92 last year, with total assets worth US$294.64b.

UOB brought up the rear at rank 96, up four places from rank 100 last year. Its total assets stood at US$228.62b.

The report showed that China now has four of the five largest banks in the world after weakening currencies pushed French and Japanese companies out of the top five.

London-based HSBC Holdings Plc. is the only bank in the top five which is not headquartered in China. It is ranked fourth with $2.670 trillion in assets, down from its ranking of No. 2 in 2014.