Singapore

Singapore is a regional banking hub whose commercial banks held S$4,049.4bn of assets at end-July 2026, more than five times GDP. The system combines three local banking groups (DBS, OCBC and UOB), which dominate domestic retail and corporate banking, with a large population of foreign banks conducting wholesale, treasury, trade and private banking business across Asia. Of 131 banks licensed at end-March 2026, six were local. MAS designates seven domestic systemically important banks: the three local groups plus HSBC, Standard Chartered, Maybank and Citibank.