Singapore Banks Ranked Safest In Asia

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Even amid a global economic depression with a double-dip recession looming on the horizon, core Singaporean financial institutions are still going strong. Singapore http://www.rikvin.com offers a one-stop solution for foreign employers or businesses interested in navigating local legal and administrative requirements in order to capitalise on this stable market.

Singapore company registration

Singapore Company Registration Specialist

Rikvin proved to be a great one-stop solution for all of our company's needs in Singapore. We had to quickly set up the company and several holding companies in Singapore for our investor and partner firms.

Global Finance magazine recently named the top 10 Safest Banks in Asia, of which Singapore dominated the top three spots with DBS Bank, Oversea-Chinese Bank, and United Overseas Bank. Rikvin Group, a leading Singapore company registration specialist, reports many multinational companies expanding in Asia with Singapore as their regional headquarters.

The banks in the study were assessed based on the evaluation of their total assets and long-term credit-worthiness from credit rating agencies such as Moody's, Standard and Poor's, and Fitch.

“More than ever, customers around the world are viewing long-term creditworthiness as the key feature of the banks with which they do business”, says Joseph D. Giarraputo, publisher of Global Finance. “These banks have solid capital positions and superior risk management capabilities.”

These capabilities can also be said to reflect a solid confidence in the local economy where they operate. In an era where blue chip organisations collapse overnight, the strong performance of Singapore is an agreeable, if somewhat surprising, anomaly given the country’s reputation as an open economy, particularly susceptible to international economic shifts.

This trend of foreign companies setting up a local subsidiary or a Singapore branch office in order to capitalise on the rising Asian markets seems to be a rising trend, according to Rikvin’s current batch of international clientele.

“Rikvin proved to be a great one-stop solution for all of our company's needs in Singapore. We had to quickly set up the company and several holding companies in Singapore for our investor and partner firms”, says James Thomas Glyn, director of NR-X, a global electronic physical commodity procurement and trading firm.

With America’s recent job creation woes and the European Union’s on-going economic struggles, this is a trend likely to continue amid the current global climate as more businesses and investors make the eventual shift from West to East.

About Rikvin:
Rikvin offers business solutions for both local and foreign investors and entrepreneurs. The firm’s specialties include company registration services, offshore company setup, incorporation and other related corporate services. Rikvin also provides professional services on accounting, taxation, immigration and application of Singapore work visa for foreign workers to work and relocate in Singapore. For other enquiries on setting up a business in Singapore, visit our website at http://www.rikvin.com/.

Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887

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Satish Bakhda
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