essential of finance ca1

Research on Financial Institutions in Singapore

Leader• Alfred Wee Fook

Choon Members• Tan Kok Heng • Leon Teo• Nahvieen• Jonathan• Teo Hui Ping• Toh Xinni

• Definition of a Commercial Bank

• Commercial Bank in Singapore

• Types of loans offered

• Profile of a local Bank

• Specialisation

• Question and Answer

A financial institution that provides services such as a accepting deposits and giving business loans.

Examples of local banks includes OCBC, DBS and UOB

Full Bank Provide full banking services under

banking Act Total of 32

6 local banks (OCBC, DBS, OCBC etc) 26 foreign banks (BOC, BNP Paribas etc)

Qualifying Full Bank(QFB) Total of 8 foreign banks awarded CAA 2

Sep 2010 Operating a total of 25 locations Sharing of ATMs among themselves and

relocating of branches freely Eg. Standard Chartered, HSBC, Citibank etc

Wholesale Bank May engage in the same range of banking

business as full banks, except that they do not carry out SGD retail banking activities.

All operate as branches of foreign banks. Eg. Credit Sussie, Barclays Bank, ING Bank, ABN

AMRO etc

Off shore Bank Engaged in same activities with Full and Wholesale

banks for businessess but transaction are made in Asian Currency Units (ACUs).

More restricted domestic banking activities. Eg. Credit Agricole (Suisse), Hang Seng Bank, Royal

Bank of Canada

Typically, the banks categorizes loans as a personal and business. Personal Loan

Personal Cash Car Education Property Investment

Business Loan Overdraft (Cash) Business Properties Equity (working capital) Commercial Equipment

DBS Bank Founded in 1968 1 of Asia's largest financial services

groups Operating Income of SGD 6031 millions Well-capitalised bank with "AA-" and

"Aa1" credit ratings Present in 15 countries mainly in Asia Employees of 14,000 More than 200 branches across 50 cities Serving over 4 million customers Earned “Safest Bank in Asia” accolade

in 2009,2010,2011

Consumer Banking Treasury and

markets Asset management Securities

brokerage, Equity and debt

fund-raising