3. OCBC Bank
One of Singapore’s top three banks, OCBC has a pedigree that stretches back to 1912. Global Finance magazine has ranked OCBC among the world’s 50 safest banks. Its area of operations includes Singapore, Malaysia, Indonesia, and Greater China.
The bank over 610 branches and is active in commercial banking, wealth management, and corporate banking. Its insurance subsidiary, Great Eastern Holdings, is a leader in the life insurance business in Singapore and Malaysia.
OCBC is also no slouch when it comes to technological innovation. It recently became the first bank in South-east Asia to use blockchain technology in pilot projects for payments transactions.
Aside from adopting cutting-edge technologies, it has also made strides in digital innovation by again being one of the first movers in the Southeast Asian banking industry to release its Application Programming Interface (API) platform – that opens data to third-party software developers – in May this year.
Market Capitalization: S$39 billion
Total Revenue: S$8.2 billion
Net Profit: S$3.9 billion
Total Assets: S$390.2 billion