If you are a foreigner, you might think "Bank of Singapore" is a
big bank in Singapore, or at least, it is one of the largest banks.
Many banks of "country_name" are central banks of that country.
While in Singapore, if you ask a person in the street what the bank
of Singapore is, he or she will be lost definitely. When I
downloaded a document from bankers association of Singapore, I
found at surprise that there were five local banks. Besides the big
three: DBS, UOB, and OCBC, there were two others: Far Eastern Bank
and Bank of Singapore. Because many of UOB materials include Far
Eastern Bank, I know FEB is a subsidary of UOB. But OCBC seldom
talks about Bank of Singapore. Until recently the interest battle
of online banking accounts shall I know that Bank of Singapore is
offering attractive interest rate of 1.9% p.a.
Bank of Singapore is actually 100% owned by OCBC. Its issued
Cashier's Order is in name of OCBC to give reciever more confident.
I think OCBC shall advertise more on its online e-bank arm.
more on my blog:http://sharesin2200.blogspot.com/
