Singapore Banks Market Summary, Competitive Analysis and Forecast to 2030

Banking in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– The banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total assets held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.

– The Singaporean banking industry recorded assets of $1,543.9 billion in 2025, representing a compound annual growth rate (CAGR) of 6.4% between 2020 and 2025.

– The bank credit segment accounted for the industry's largest proportion in 2025, with total assets of $588.3 billion, equivalent to 38.1% of the industry's overall value.

– The Singaporean banking industry growth during 2020–25 is driven by the expanding economy, which has fueled the demand for credit, deposits, and other banking services. Economic expansion has increased the need for loans for investment, business growth, and consumer spending, resulting in higher bank revenues.

Scope

– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banking market in Singapore

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banking market in Singapore

– Leading company profiles reveal details of key banking market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the Singapore banking market with five year forecasts

Reasons to buy

- What was the size of the Singapore banking market by value in 2025?

- What will be the size of the Singapore banking market in 2030?

- What factors are affecting the strength of competition in the Singapore banking market?

- How has the market performed over the last five years?

- What are the main segments that make up Singapore's banking market?

Companies mentioned

DBS Group Holdings Ltd

United Overseas Bank Ltd

Oversea-Chinese Banking Corp Ltd

Standard Chartered Bank (Singapore) Ltd

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Category segmentation

1.4. Geography segmentation

1.5. Market share

1.6. Market rivalry

1.7. Competitive landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

2.3. Regulatory landscape

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share

7.2. Who are the leading players?

7.3. What are the strategies of the leading players?

7.4. What have been the most recent industry developments?

8 Company Profiles

8.1. DBS Group Holdings Ltd

8.2. United Overseas Bank Ltd

8.3. Oversea-Chinese Banking Corp Ltd

8.4. Standard Chartered Bank (Singapore) Ltd

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: Singapore banking industry value: $ billion, 2020–25

Table 2: Singapore banking industry category segmentation: % share, by value, 2020–25

Table 3: Singapore banking industry category segmentation: $ billion, 2020-25

Table 4: Singapore banking industry geography segmentation: $ billion, 2025

Table 5: Singapore banking industry value forecast: $ billion, 2025–30

Table 6: Singapore banking industry share: % share, by value, 2025

Table 7: DBS Group Holdings Ltd: Key Facts

Table 8: DBS Group Holdings Ltd: Annual Financial Ratios

Table 9: DBS Group Holdings Ltd: Key Employees

Table 10: DBS Group Holdings Ltd: Key Employees Continued

Table 11: United Overseas Bank Ltd: Key Facts

Table 12: United Overseas Bank Ltd: Annual Financial Ratios

Table 13: United Overseas Bank Ltd: Key Employees

Table 14: Oversea-Chinese Banking Corp Ltd: Key Facts

Table 15: Oversea-Chinese Banking Corp Ltd: Annual Financial Ratios

Table 16: Oversea-Chinese Banking Corp Ltd: Key Employees

Table 17: Standard Chartered Bank (Singapore) Ltd: Key Facts

Table 18: Standard Chartered Bank (Singapore) Ltd: Key Employees

Table 19: Singapore Size of Population (Million), 2021–25

Table 20: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2021–25

Table 21: Singapore GDP (Current Prices, $ Billion), 2021–25

Table 22: Singapore Inflation, 2021–25

Table 23: Singapore Consumer Price Index (Absolute), 2021–25

Table 24: Singapore Exchange Rate, 2020–25

List of Figures

List of Figures

Figure 1: Singapore banking industry value: $ billion, 2020–25

Figure 2: Singapore banking industry category segmentation: $ billion, 2020-25

Figure 3: Singapore banking industry geography segmentation: % share, by value, 2025

Figure 4: Singapore banking industry value forecast: $ billion, 2025–30

Figure 5: Forces driving competition in the banking industry in Singapore, 2025

Figure 6: Drivers of buyer power in the banking industry in Singapore, 2025

Figure 7: Drivers of supplier power in the banking industry in Singapore, 2025

Figure 8: Factors influencing the likelihood of new entrants in the banking industry in Singapore, 2025

Figure 9: Factors influencing the threat of substitutes in the banking industry in Singapore, 2025

Figure 10: Drivers of degree of rivalry in the banking industry in Singapore, 2025

Figure 11: Singapore banking industry share: % share, by value, 2025

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