Singaporean banks continue to dominate the rankings for the Association of South-east Asian Nations (Asean) region for the year ending 2011, both in terms of Tier 1 capital and profitability. Singapore-based DBS Bank tops the ranking, with $21.17bn of Tier 1 capital, followed by two other Singaporean lenders, Overseas Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB), which have $14.31bn and $13.85bn of Tier 1 capital, respectively.
These three institutions also topped the Asean rankings in terms of pre-tax profits. Again, DBS Bank was the leader, posting pre-tax profits of $2.87bn for year-end 2011. OCBC was second with pre-tax profits of $2.27bn, followed by UOB with $2.16bn.
But as the article Top Asean banks: inching in on Singapore's lead examines in more detail, the leading banks in Thailand, Malaysia and Indonesia are all performing strongly, reducing the lead of these Singaporean lenders.
