Performance and Growth

STRONGER PEFORMANCE IN 2004


Financial Insitutions in Singapore
As at end March 2005, there were 110 commercial banks, 47 merchant banks and three finance companies in the financial sector.

Total assets of financial institutions amounted to S$1.55 trillion at end 2004, of which 61.6% were Asian Dollar Market (ADM) assets, 29.6% domestic banking assets, 5.4% insurance companies’ assets, 0.5% finance companies’ assets and 2.9% capital market intermediaries’ assets
(See Chart 2).