DBS Bank has been named Asia’s safest bank for the eighth year in a row. New York-based trade publication Global Finance also ranked DBS as the third-safest commercial bank globally, and the 12th-safest in the world. Some 500 largest banks by total assets were ranked through an evaluation of long-term foreign currency ratings from credit rating agencies Moody’s, Standard & Poor’s and Fitch. Singapore banks dominated the magazine’s Asia league table list, with OCBC Bank second and United Overseas Bank (UOB) fourth. OCBC was ranked fifth in the top 50 safest commercial banks list while UOB was sixth. OCBC was rated 14th on the list of the world’s safest banks overall with UOB 16th.
