News and Articles and News tagged 'Merchant'

Banking System of Singapore

Banking system of SingaporeSingapore is one of the leading financial centers of the world and a major distribution hub of finance in Southeast Asia. No wonder, therefore, that the country has created one of the most advanced banking systems in the world, numbering about 700 local and foreign banks and financial institutions that provide services ranging from consumer banking and asset management to the stock exchange, investment banking and specialised insurance services. Read more »

Singapore is one of the largest and fastest growing financial centres in Asia

Today, there are 111 commercial banks, 49 merchant banks, and 45 banks with representative offices operate in Singapore, managing more than $350 billion of assets (2004). The banking industry in Singapore is regulated by the Monetary Authority of Singapore.

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