OCBC beats other Singapore banks in strongest balance sheet ranking

It landed on the 8th spot.

According to a release, OCBC Bank has emerged top among Singapore banks in The Asian Banker 500 (AB500) Strongest Bank Balance Sheets Ranking in 2013.

The ranking lists the relative strength of the 500 largest banks in Asia Pacific region by assets and is based on a Strength Scorecard that ranks banks in six areas: scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.

The ranking includes commercial banks -as well as financial holding companies that focus on banking - from Australia, Brunei, Cambodia, China, Hong Kong, India, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, Pakistan, the Philippines, South Korea, Singapore, Taiwan, Thailand and Vietnam.

Ms Koh Ching Ching, OCBC Bank’s Head of Group Corporate Communications, said, “We are pleased to be recognised for the strength of our balance sheet among the largest banks in Asia Pacific. The OCBC brand today stands for safety and strength, and reflects the emphasis we place on business growth balanced with sound financial discipline, which among things, means managing risks prudently, constantly strengthening our balance sheet and focussing on capital planning and stable funding.

We have steadily expanded our business capabilities and geographic footprint in our key markets of Singapore, Malaysia, Indonesia and the Greater China region. Over this period, we have built up our financial strength as reflected by our funding and liquidity position, sound capital and healthy asset quality. As a financial institution, these are important attributes to customers, shareholders and investors alike, particularly within the context of the current market environment.”

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