The Banker’s Top 30 Asean Banks ranking demonstrates the solid gains the region’s banks made in Tier 1 capital over the past year, albeit with a sharp decline in profits. Dominating the main ranking, Singaporean financial institutions take the top three positions, maintaining the same positions as the previous year. The remaining positions are split between banks from Malaysia, Thailand and Indonesia.

Almost all of the banks in the top 10 managed to increase their Tier 1 capital, with the exception of two Indonesian banks, Bank Rakyat Indonesia and Bank Mandiri. However, all 10 saw their profits decline, with fifth-place Bangkok Bank seeing the biggest drop (53.4%). Indeed, only four banks in the ranking recorded an increase in profits in 2020 — Thailand’s TMB Bank being the highest placed in 16th place. It was able to hold onto the same spot as last year, in part thanks to a 40.6% jump in profits.

To view the Top ASEAN Banks ranked by performance click HERE