Top Singapore Companies in Banking Sector
THE BANK OF NOVA SCOTIA
The Bank of Nova Scotia was established in 1832, and it is headquartered in Canada. It provides a wide range of financial products and services through personal, commercial, corporate, and investment banking. Its business is divided into four divisions: Canadian Banking, International Banking, Global Banking and Markets, and Other. Group treasury, minor operational segments, and business line elimination items are all included in the Other segment. The Bank of Nova Scotia Singapore is a subsidiary of BNS Asia Limited. The Bank of Nova Scotia has an international footprint in more than 50 countries.
BANK OF CHINA LIMITED
Bank of China Limited was incorporated in 1912. The bank assumes responsibilities as China’s central bank, international exchange bank, and specialized international commerce bank. It provides financial and banking services: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Others are its business segments. Bank of China Limited is responsible for managing China's foreign exchange operations, and offers support to the nation's foreign trade development and economic infrastructure by supplying international trade settlement, overseas fund transfers, and other non-trade foreign exchange services.
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
Established in 2004, Crédit Agricole Corporate and Investment Bank is a subsidiary of Crédit Agricole Group. It specializes in capital markets, investment and corporate banking. The bank serves clients across the globe, providing for their financial needs throughout Europe, the Americas, Asia-Pacific, the Middle East, and North Africa. Crédit Agricole provides a wide range of capital markets, investment banking, structured finance, commercial banking, and international trade products and services to its large corporate and institutional clients.
BANCO SANTANDER, S.A.
Banco Santander S.A., which was incorporated in 1857, is a large retail and commercial bank headquartered in Spain. It provides retail, commercial, and private banking services, as well as asset management services. Consumer credit, mortgage loans, lease financing, factoring, mutual funds, pension funds, insurance, commercial credit, investment banking services, structured finance, and mergers and acquisitions assistance are also provided by the bank. Banco Santander has a significant presence in Europe and the Americas.
CHINA CONSTRUCTION BANK CORPORATION SINGAPORE BRANCH
China Construction Bank Corporation Singapore Branch is a multinational Chinese commercial bank which was established in 1954. The bank offers a wide range of financial services, including personal banking, corporate banking, investment banking, and wealth management. China Construction Bank has almost 200 subsidiaries in 31 countries and regions, offering fund management, financial leasing, trust, insurance, futures, pension, and investment banking. China Construction Bank offers a wide range of financial services to Singapore companies as well as medium-to-large Chinese firms in the areas of corporate finance, trade finance, and investment banking through domestic branches in China and local banks in Singapore.
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED
Incorporated in 1984, the Industrial and Commercial Bank of China Ltd. (ICBC) is a commercial bank in China. It offers a wide range of financial products and services such as corporate loans, trade finance, deposit-taking operations, corporate wealth management services, custody services, and various types of corporate intermediary services to firms, government agencies, and financial institutions. The Industrial and Commercial Bank of China was named first among the Top 1000 World Banks by The Banker, first in the Global 2000 by Forbes, first in the list of commercial banks of the Global 500 by Fortune, and first in the list of Top 500 Banking Brands by Brand Finance.
AGRICULTURAL BANK OF CHINA LIMITED
Agricultural Bank of China Limited was incorporated in 1951. The bank has progressed from a state-owned specialist bank to a commercial bank and then to a state-controlled commercial bank. The bank offers a diversified business and retail banking service, as well as treasury operations and asset management services, to a diverse customer base. It has 16 significant subsidiaries, 11 of which are local and five based overseas. The Agricultural Bank of China was reorganized as a joint-stock limited liability corporation in 2019. Since 2014, the Financial Stability Board has added the Agricultural Bank of China to its list of Global Systemically Important Banks for seven years in a row.
MUFG BANK, LTD. SINGAPORE BRANCH
Mitsubishi UFJ Financial Organization Bank Ltd. (MUFG) is a leading financial firm which was established in 2001. MUFG has global offices in more than 50 countries and is headquartered in Japan. MUFG’s Asia Pacific regional headquarters were established in 2013. It has developed partnerships with important banks such as VietinBank in Vietnam, Krungsri in Thailand, Security Bank in the Philippines, and Bank Danamon in Indonesia. Global Corporate and Investment Banking, Japanese Corporate Banking, and Global Markets are the key businesses of MUFG Bank. It provides commercial banking, trust banking, securities, credit cards, consumer financing, asset management, and leasing services as well.
MIZUHO BANK, LTD.
Mizuho Bank Ltd. is a subsidiary of Mizuho Financial Group, Inc., a holding company that offers financial services including banking, trust banking, and securities. Mizuho Bank was incorporated in 2013 and is headquartered in Japan. It also provides real estate, securitization, structured finance, pension and asset management, and stock transfer agency services. Mizuho Bank offers a wide range of financial goods and services to individuals, small and medium-sized businesses, large organizations, financial firms, and public sector agencies. Mizuho Bank won the Yen Bond House of the Year Award From 2018 to 2021, Best Asian International Transaction Bank in Asia Pacific from 2019 to 2021, and Greenwich Excellence Award for US Large Corporate Finance in 2021.
MAYBANK SINGAPORE LIMITED
Incorporated in 1960, Maybank Singapore Limited is the fourth largest bank by assets in Southeast Asia. It provides a wide range of products and services to people, enterprises, and organizations, including consumer and corporate banking, investment banking, Islamic banking, stock broking, insurance and takaful, and asset management. Maybank's Singapore branch is responsible for Global Banking activities such as loans and financing, trade finance, deposits, corporate operating accounts, remittances, and the Global Markets business. Maybank Singapore has won the Global Private Banking Innovation Awards 2020, Excellent Service Award, and the 31st Annual Private Banker International Global Wealth Awards in 2021.
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Australia and New Zealand Banking Group Limited was formed with the merger of the Bank of Australasia and the Union Bank of Australia. Headquartered in Australia, it offers a variety of products and services to customers via the bank’s branch network, mortgage specialists, contact centres, self-service channels, third-party brokers, and financial planning services. It also offers asset financing to medium-to-large commercial clients, agribusiness clients, small business owners, high-net-worth individuals, and family groups.
SUMITOMO MITSUI BANKING CORPORATION SINGAPORE BRANCH
Sumitomo Mitsui Banking Corporation, a financial firm headquartered in Japan, is a key member of the Sumitomo Mitsui Financial Group (SMBC Group). It collaborates across the SMBC Group to provide personal, corporate, and investment banking services to its network of 40 countries and territories. The Singapore branch of Sumitomo Mitsui Banking Corporation was formed in 1963, and the bank's Asia-Pacific regional headquarters were established in 2008. It offers financial goods and services to a diverse clientele that includes individuals, small and medium-sized businesses, major organizations, financial institutions, and public sector entities.