Foreign banks among total banks (%) in Singapore
Singapore: Foreign banks among total banks (%) was 55.0% in 2013. ▲ Rising
Foreign banks among total banks in Singapore, 1995–2013
Source: Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10. Measured in %.
Analysis
In 2013, foreign banks among total banks in Singapore stood at 55.0%.
Compared with earlier readings it is down 5.2% over ten years.
Over the whole period, foreign banks among total banks in Singapore peaked at 58.0% in 2002 and was at its lowest, 41.0%, in 1995.
That places Singapore 51st out of 137 countries with data for 2013, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Foreign banks among total banks (%) in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 41.0% | — |
| 1996 | 43.0% | +4.9% |
| 1997 | 43.0% | +0.0% |
| 1998 | 50.0% | +16.3% |
| 1999 | 54.0% | +8.0% |
| 2000 | 52.0% | -3.7% |
| 2001 | 54.0% | +3.8% |
| 2002 | 58.0% | +7.4% |
| 2003 | 58.0% | +0.0% |
| 2004 | 58.0% | +0.0% |
| 2005 | 58.0% | +0.0% |
| 2006 | 57.0% | -1.7% |
| 2007 | 57.0% | +0.0% |
| 2008 | 57.0% | +0.0% |
| 2009 | 55.0% | -3.5% |
| 2010 | 50.0% | -9.1% |
| 2011 | 55.0% | +10.0% |
| 2012 | 55.0% | +0.0% |
| 2013 | 55.0% | +0.0% |
Singapore compared with similar countries
- Singapore's 55.0% is above the median for high income countries, which is 36.0%, 1.5× the median. (53 countries reporting)
- Singapore's 55.0% is above the median for East Asia & Pacific, which is 30.0%, 1.8× the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 46.2% | 41.0% | 54.0% | 5 |
| 2000s | 56.4% | 52.0% | 58.0% | 10 |
| 2010s | 53.8% | 50.0% | 55.0% | 4 |
Countries ranked near Singapore
More financial sector data for Singapore
- Reserve position in the IMF, US dollar, annual growth rate 8.93 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 230.78 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 3.73 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 168.51 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 8.93 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 230.78 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 3.73 % change on previous year (2025)
Frequently asked questions
- What is foreign banks among total banks in Singapore?
- Foreign banks among total banks in Singapore was 55.0% in 2013, according to Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10.
- What is the highest foreign banks among total banks recorded in Singapore?
- The highest recorded value was 58.0% in 2002.
- What is the lowest foreign banks among total banks recorded in Singapore?
- The lowest recorded value was 41.0% in 1995.
- How does Singapore rank for foreign banks among total banks?
- Singapore ranks 51st out of 137 countries with data for 2013.
- Is foreign banks among total banks rising or falling in Singapore?
- Over the last ten years it is down 5.2%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10, published as part of Foreign banks among total banks (%). Statizoid updates them automatically from the source API.
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About this data
Percentage of the number of foreign owned banks to the number of the total banks in an Economy. A foreign bank is a bank where 50 percent or more of its shares are owned by foreigners.