OCBC ranked strongest bank in Singapore and Asia Pacific, third globally by The Asian Banker
Singapore's second-largest lender OCBC has placed third globally in the latest World's 1,000 Strongest Banks ranking by The Asian Banker (TAB) published on Tuesday (Oct 27).The accolade marks the first time a Singaporean bank clinched a top three spot in the world since TAB's ranking was introduced in 2023.OCBC has also been named the strongest bank in Singapore and Asia Pacific in the same list.The TAB Global 1,000 World's Largest and Strongest Bank ranking provides an annual assessment of the banking industry’s financial and business performance.It evaluates banks across seven dimensions: sovereign risk, scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.Explaining the results, TAB Insights research director Christian Kapfer pointed out that OCBC's diversified earnings, sound asset quality and strong capital position distinguished it from many of its regional peers. "Its ability to combine profitability with prudent balance sheet management has been an important factor in its financial strength," Kapfer said.