International Finance recognises DBS with its highest award for the third time since 2018, marking the financial institution’s seventh international finest financial institution win in 5 years
SINGAPORE, Aug. 25, 2022 /PRNewswire/ — DBS has as soon as once more been named World’s Finest Financial institution by US-based monetary publication International Finance, marking the third time that the financial institution has clinched the journal’s prime accolade since 2018. This newest award additionally marks the financial institution’s seventh international finest financial institution win throughout the final 5 years, reinforcing the financial institution’s place as an business chief and a forward-looking establishment that’s forward of the curve.
“Though the worldwide economic system has bounced again from the darkish days of 2020, it proves the rule that tough seas make good sailors,” stated Joseph D. Giarraputo, founder and editorial director of International Finance. “DBS turned 2021 into an excellent yr with a slew of strategic acquisitions, bank-wide developments in digitalisation and dedication to sustainability. These investments even have resulted in a robust stability sheet and file internet income for the financial institution, proving DBS is aware of how you can navigate powerful instances.”
Over the past 18 months, DBS has continued to construct on its foundational strengths, whereas maintaining monetary efficiency resilient and sustaining help for stakeholders and the broader group. The financial institution continued to see strong returns from its expanded regional presence, with wholesome enterprise momentum in India following the profitable amalgamation of Lakshmi Vilas Financial institution and enhanced buyer proposition from its funding in Shenzhen Rural Business Financial institution in China. The financial institution additionally additional augmented its regional footprint in January 2022 with the acquisition of Citigroup’s client banking enterprise in Taiwan. On the brand new enterprise entrance, the financial institution launched DBS Mounted Earnings Execution (FIX) Market – Asia’s first absolutely digital and automatic mounted revenue execution platform – and noticed regular progress from DBS Digital Alternate (DDEx), with the platform recording greater than SGD1.1 billion buying and selling worth for FY2021. Within the sustainability house, DBS grew its sustainable finance portfolio to SGD 52.7 billion, exceeding its SGD 50 billion goal nicely forward of 2024. The financial institution additionally dedicated a further SGD 100 million to additional its efforts to bettering lives in Asia by means of the DBS Basis. Most just lately in July 2022, the financial institution accomplished the retrofitting of one in every of its current four-storey workplace buildings – DBS Newton Inexperienced – into Singapore’s first internet zero improvement by a financial institution.
Piyush Gupta, DBS CEO, stated, “We’re honoured to be recognised as World’s Finest Financial institution by International Finance as soon as once more. Regardless of the difficult working setting in 2021, we turned in our greatest yr ever, delivering file earnings whereas being unwavering in our help for patrons, workers and the group. The inorganic transactions executed and the brand new companies launched will strengthen our franchise and place us nicely within the coming decade. Trying forward, whereas the macroeconomic outlook stays unsure, we’ll stay watchful and nimble, whereas staying forward of the curve in harnessing new applied sciences and constructing a sustainable future.”
DBS was first named ‘Finest Financial institution within the World’ by International Finance in 2018, marking its inaugural win of a worldwide Finest Financial institution accolade. The financial institution would go on to obtain equal accolades from UK-based Euromoney (World’s Finest Financial institution – 2019, 2021) and Monetary Instances publication The Banker (International Financial institution of the Yr – 2018, 2021), and would take International Finance’s prime award twice extra, in 2020 and 2022, bringing its complete haul of world Finest Financial institution awards to seven in 5 consecutive years (2018-2022) – a feat unmatched by every other financial institution globally. DBS was this yr additionally recognised by US-based Quick Firm in its Prime 100 Finest Workplaces for Innovators listing, rating 29th globally, and is the one Singapore-headquartered firm to function on the listing.
About DBS
DBS is a number one monetary providers group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is within the three key Asian axes of progress: Better China, Southeast Asia and South Asia. The financial institution’s “AA-” and “Aa1” credit score scores are among the many highest on the earth.
Recognised for its international management, DBS has been named “World’s Finest Financial institution” by International Finance, “World’s Finest Financial institution” by Euromoney and “International Financial institution of the Yr” by The Banker. The financial institution is on the forefront of leveraging digital expertise to form the way forward for banking, having been named “World’s Finest Digital Financial institution” by Euromoney and the world’s “Most Progressive in Digital Banking” by The Banker. As well as, DBS has been accorded the “Most secure Financial institution in Asia” award by International Finance for 13 consecutive years from 2009 to 2021.
DBS offers a full vary of providers in client, SME and company banking. As a financial institution born and bred in Asia, DBS understands the intricacies of doing enterprise within the area’s most dynamic markets. DBS is dedicated to constructing lasting relationships with prospects, because it banks the Asian manner. Via the DBS Basis, the financial institution creates influence past banking by supporting social enterprises: companies with a double bottom-line of revenue and social and/or environmental influence. DBS Basis additionally offers again to society in numerous methods, together with equipping communities with future-ready expertise and constructing meals resilience.
With its intensive community of operations in Asia and emphasis on participating and empowering its employees, DBS presents thrilling profession alternatives. For extra info, please go to www.dbs.com.
SOURCE DBS BANK LTD