Australia and New Zealand Bank has become the highest-rated bank to establish a gold vault in Singapore following the successful opening of its second storage facility at the city-state's Freeport facility.

The company was given an AA- by Fitch Ratings, Aa2 Outlook Stable by Moody's Investor Services and AA- Outlook Stable by Standard & Poor's. Singapore is strategically located between two of the world's top gold producers, Australia and China. ANZ is also the only bank globally with a committed supply agreement with Perth Mint, a London Bullion Market Association refiner, which means its clients will have access to high-quality gold. 

ANZ currently distributes around 15 per cent of the world's primary gold production and is one of the top suppliers of gold in China. It is also one of the two foreign banks allowed to trade gold on both the Shanghai Gold Exchange and the Shanghai Futures Exchange, the other bank being HSBC. 

The Australian bank opened its second bullion storage facility in Singapore in July 2013.

A number of banks have taken advantage of the Freeport facility, as described by a recent article at this publication here.