As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Tuesday, 10 September 2013

DBS Bank highest-placing at 3rd spot.

Global Finance magazine has named the World's Top 10 Safest Commercial Banks, and three Singapore banks -- DBS Bank (3rd), Oversea-Chinese Banking Corp (4th) and United Overseas Bank (5th) -- made it to the prestigious list.

Rabobank from the Netherlands topped the list while TD Bank Group from Canada came in second.

The latter half of the Top 10 list was filled with Canadian and Australian banks.

Here's the complete list of the World's Top 10 Safest Commercial Banks:

1 Rabobank - Netherlands
2 TD Bank Group - Canada
3 DBS Bank - Singapore
4 Oversea-Chinese Banking Corp - Singapore
5 United Overseas Bank - Singapore

6 Royal Bank of Canada - Canada
7 National Australia Bank - Australia
8 Commonwealth Bank of Australia - Australia
9 Westpac - Australia
10 ANZ Group - Australia

Winners were selected through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide, said Global Finance in a release.

The full World’s Safest Banks report evaluates the safest banks in Western Europe, Central and Eastern Europe, Asia, the Middle East, North America, Latin America and Australasia.

“Despite not enjoying government support, these banks are among the strongest and most secure institutions in the world,” notes Joseph Giarraputo, publisher of Global Finance.

The detailed report findings are to be published exclusively in Global Finance magazine's October 2013 issue.


Createwealth8888:

With an average of 7.2% yield on investment cost, Uncle8888 shouldn't have any nightmare holding DBS for cash flow over the next few years.




1 comment:

  1. Not too bad for a little red dot country to have our big 3 local banks on the list ;)

    Singapore is a fine country. Let's hope we don't fxxx it up going forward.



    ReplyDelete

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