Booking centre
Singapore
The rules behind every bank page in Singapore: who licenses banks, what happens to custody assets and deposits if a bank fails, how enforcement decisions are published, and what is shared with tax authorities abroad.
Ranking
Banks rated in Singapore
#BankBooking centrePPLI.comRating
1
SBank of Singapore LimitedBank of SingaporeSingapore772
OOversea-Chinese Banking Corporation LimitedOCBCSingapore733
DPDBS Bank Ltd.DBS Private BankSingapore684
UPUnited Overseas Bank LimitedUOB Private BankSingapore585
LPLGT Bank (Singapore) Ltd.LGT Private Banking (Singapore)Singapore516
CSCIMB Bank Berhad, Singapore BranchCIMB SingaporeSingapore47
BPBNP Paribas, Singapore BranchBNP Paribas Wealth Management SingaporeSingaporeRating in preparation
JBBank Julius Baer & Co. Ltd., Singapore BranchJulius Baer (Singapore)SingaporeRating in preparation
BSBordier & Cie (Singapore) Ltd.Bordier SingaporeSingaporeRating in preparation
CPCitibank, N.A., Singapore BranchCiti Private BankSingaporeRating in preparation
DWDeutsche Bank Aktiengesellschaft, Singapore BranchDeutsche Bank Wealth Management SingaporeSingaporeRating in preparation
ESEFG Bank AG, Singapore BranchEFG SingaporeSingaporeRating in preparation
JPJPMorgan Chase Bank, N.A., Singapore BranchJ.P. Morgan Private Bank SingaporeSingaporeRating in preparation
LOLombard Odier (Singapore) Ltd.Lombard Odier SingaporeSingaporeRating in preparation
MSMaybank Singapore LimitedMaybank SingaporeSingaporeRating in preparation
MSMorgan Stanley Bank Asia Limited, Singapore BranchMorgan Stanley Private Wealth Management Asia (Singapore)SingaporeRating in preparation
SCStandard Chartered Bank (Singapore) LimitedStandard Chartered Private Bank (Singapore)SingaporeRating in preparation
HGThe Hongkong and Shanghai Banking Corporation Limited, Singapore BranchHSBC Global Private BankingSingaporeRating in preparation
UGUBS AG, Singapore BranchUBS Global Wealth Management (Singapore)SingaporeRating in preparation
USUnion Bancaire Privée, UBP SA, Singapore BranchUBP SingaporeSingaporeRating in preparation
VSVP Bank Ltd Singapore BranchVP Bank SingaporeSingaporeRating in preparation
SODPUPLPCSBPJBBSCPDWESJPLOMSMSSCHGUGUSVSThe framework
Licensing, protection and disclosure in Singapore
Each point links to the source it was checked against on the review date.
Regulator and licensing lawBanking Act 1970. Source
Deposit protectionDeposit Insurance (DI) Scheme, run by Singapore Deposit Insurance Corporation (SDIC). Cover: S$100,000 aggregate per depositor per DI Scheme member. CPF Investment Scheme and CPF Retirement Sum Scheme monies aggregated and insured separately up to S$100,000; insured trust and client accounts held by non-bank depositors insured up to S$100,000 per account. Currency: SGD only; 'Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.' What is covered: Singapore dollar deposits with DI Scheme members. Members: 'All full banks and finance companies in Singapore are members of the DI Scheme' unless exempted by MAS. Wholesale banks and merchant banks are not covered by that statement and so are not members. Source
Custody assets in insolvencySecurities and Futures Act 2001 and the Securities and Futures (Licensing and Conduct of Business) Regulations (SF(LCB)R), which MAS lists as covering 'custody of customers' moneys and assets'. Regulation 27 requires customer assets to be held in a custody account; regulation 19 governs trust accounts for customer moneys (described in a licensee's regulatory disclosure). Source
Size of the banking sector131 banks at end March 2026: 6 local banks (all full banks) and 125 foreign banks (30 full banks, 95 wholesale banks). Source
State guaranteesNo state guarantee identified for banks.
Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Ratings signed by Noam Cohen, Editor, Bank IntelligenceReviewed 2 November 2026Methodology version 2.3Corrections [email protected]