In the previous articleSeasia has prepared an inventory of the five largest banks in individual countries based on the 2017 Global 2000 rating.
This time we would really like to expand our knowledge by providing you with more Top 10 banks throughout the Southeast Asia region, based on their market value.
Can you think that of every other banks which are accountable for good leads to this area? Seasia has it here;
(RANK 1) DBS Group – SINGAPORE
Market value: $34.4 billion
Singapore-based DBS is a pioneer in using digital technology to shape the longer term of banking, and was named “World’s Best Digital Bank” by Euromoney.
The bank has also been recognized for its leadership within the region, receiving the title of “Asia’s Best Bank” from The Banker and Euromoney and the title of “Asian Bank of the Year” from IFR Asia. The bank was also named “Asia’s Safest Bank” by Global Finance for eight consecutive years from 2009 to 2016.
(RANK 2) CENTRAL ASIA BANK – INDONESIA
MARKET VALUE: $32.1 BILLION
PT Bank Central Asia Tbk (BCA) is Indonesia’s largest lender by market value and the second largest bank by assets. The bank has experienced a remarkable recovery after Financial crisis in Asia In the late Nineteen Nineties, the Indonesian banking system was getting ready to bankruptcy.
In terms of market capitalization, BCA is considered one of the most important corporations in Indonesia. It offers business and private banking services through greater than 1,000 branches nationwide. BCA is partly controlled by Djarum Group, considered one of Indonesia’s largest conglomerates, whose operations include cigarette production, real estate development and management.
(RANK 3) OVERSEAS CHINESE BANKING – SINGAPORE
MARKET VALUE: $28.8 BILLION
Oversea-Chinese Banking Corporation (OCBC) was established on October 31, 1932, through the merger of three Hokkien banks – Chinese Commercial Bank Ltd. (established in 1912), Ho Hong Bank Ltd. (1917) and Oversea-Chinese Bank Ltd. (1919) – through the Great Depression.
When OCBC commenced operations in February 1933, it was already considered one of the strongest local banks within the Straits.
(RANK 4) UNITED OVERSEAS BANK – SINGAPORE
MARKET VALUE: $25.6 BILLION
With a powerful global presence and particularly in Asia, UOB has an understanding of Asian markets, corporate culture and business considering that few other corporations can match.
The company’s established presence in Singapore, Malaysia, Indonesia, Thailand and China creates good conditions for providing customers with greater access to this region and for the corporate’s growth.
(RANK 5) PEOPLE’S BANK OF INDONESIA (BRI)
MARKET VALUE: $24.2 BILLION
BRI is the oldest bank in Indonesia. Its history began on December 16, 1895, when Raden Bei Aria Wiraatmaja founded a small financial institution called De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden. This institution was a mosque association whose function was to administer and pay out community trust funds in a quite simple scheme.
Over the years, the institution modified its name and evolved with the encompassing conditions. In 1912, its name was modified to Centrale Kas Voor Volkscredietwezen, and in 1942 – under Japanese rule – to Syomin Ginko. During the independence era, Syomin Ginko was replaced by Bank Rakyat Indonesia.
(RANK 6) BANK MANDIRI – INDONESIA
MARKET VALUE: $24.1 BILLION
Bank Mandiri is Indonesia’s largest financial institution by assets. Bank Mandiri offers a full range of banking and non-banking services and products to businesses and individuals throughout Indonesia.
The company also serves international clients through subsidiaries, branches and representative offices in London, Hong Kong, Singapore, Malaysia, East Timor, Shanghai and the Cayman Islands. Bank Mandiri was established because of this of Financial crisis in Asia.
When the Indonesian financial sector collapsed within the late Nineteen Nineties, 4 state-owned banks (Bank Exim, Bank Bumi Daya, Bank Dagang Negara and Bapindo) merged into Bank Mandiri as a part of the federal government’s banking sector restructuring program.
(RANK 7) MAYBANK – MALAYSIA
MARKET VALUE: $20.7 BILLION
Maybank has a world network of over 2,400 branches and offices in 20 countries, employing 45,000 people. In Malaysia, Maybank operates consumer, business and company banking, in addition to private banking services, through a network of 393 branches and over 2,500 ATMs nationwide.
The company operates 22 branches in Singapore, offering a full range of banking and financial services and products. Maybank, through Maybank Philippines Incorporated, has 79 branches within the Philippines. Maybank also has a banking presence in all other Southeast Asian markets. It also operates branches in major global financial centers comparable to New York, London, Hong Kong and Bahrain.
(RANK 8) PUBLIC BANK BERHAD – MALAYSIA
MARKET VALUE: $17.4 BILLION
Public Bank is the most important bank in Malaysia by shareholder capital, the second largest by market capitalisation behind Maybank, and the third largest by total assets behind Maybank and CIMB.
Public Bank currently offers a comprehensive range of economic services and products, including personal banking, business banking, Islamic banking, investment banking, stock broking, trust services, nomination services, trust sales and management, bancassurance and general insurance products. Public Bank’s strategy focuses on growth within the retail banking business, particularly with respect to retail consumers and small and medium-sized enterprises (“SMEs”).
(RANK 9) SIAM COMMERCIAL BANK – THAILAND
MARKET VALUE: $16.1 BILLION
Siam Commercial Bank, the primary bank in Thailand, was informally founded in 1904 as Book Cluband today it’s a universal banking group. According to the Bank of Thailand, it’s the fourth largest business bank in Thailand by way of assets, deposits and loans.
(MORNING 10) CIMB BANK – MALAYSIA
MARKET VALUE: $10.9 BILLION
CIMB Group Holdings Berhad is a Malaysian universal bank headquartered in Kuala Lumpur, operating in high-growth economies in ASEAN. CIMB Group is an ASEAN homegrown investment bank, the most important investment bank within the Asia Pacific region (excluding Japan) and considered one of the most important Islamic banks on the planet. CIMB has an in depth retail branch network with 1,080 branches across the region.
The Group operates through several entities, which include CIMB Investment Bank, CIMB Bank, CIMB Islamic, CIMB Niaga, CIMB Securities International and CIMB Thai.
Source: Forbes.com
