Singaporean bank DBS has held onto its top billing in The Banker’s Asean Top 100 Banks ranking, posting a massive $32.4bn in Tier 1 capital in 2017. Compatriots United Overseas Bank and Overseas Chinese Banking Corporation round out the top three, though they trail DBS, with $24bn and $22bn in Tier 1 capital, respectively.
Overall, Indonesia has the highest number of banks in the ranking, with 26 institutions recording an aggregate of $69.6bn in Tier 1 capital. However, Singapore has again punched way above its weight, with the city-state’s five banks boasting a collective $80.9bn in Tier 1 capital, a 15.9% increase on last year’s ranking.
