DBS Labelled ‘World’s Best Bank’ by Euromoney Magazine

Mumbai  In a major  feat unmatched by other banks worldwide, DBS has become the first bank to simultaneously boast of three international best bank acknowledgem. This was obtained after DBS was named “World’s Best Bank” by top worldwide financial publication Euromoney in its 2019 Awards for Excellence.   In a feat unmatched by other banks globally, DBS has become the first bank to concurrently hold three global best bank awards.  It comes against the backdrop of the bank’s wins of Global Finance’s “Best Bank in the World” in August 2018 and The Banker’s “Bank of the Year – Global” in November 2018. This is the first time an Asian-headquartered bank has been labelled “World’s Best Bank” by Euromoney since the award was commenced in 1993. Past winners consisted of Bank of America, BNP Paribas, Citi and UBS. DBS was as well acknowledged as Asia’s Best Bank and Singapore’s Best Bank in this year’s Awards for Excellence. Clive Horwood, Editor of Euromoney stated, “DBS was chosen for our awards because it represents what we believe a bank should look like today. No other institution has worked so hard to embrace and lead digital disruption, and while some banks demonstrate their technological prowess with impressive apps, DBS does so by embedding digital innovation into everything it does – with a tangible positive impact on the bottom line. It has achieved this with a clear-sighted focus on sustainability that positions it well for the years ahead.” Piyush Gupta, DBS CEO, observed, “We are honoured to be recognised by Euromoney as the World's Best Bank. With this award, we are now the first bank ever to concurrently hold three of the most prestigious global best bank honours. This achievement underlines widespread recognition for our leadership in defining the future of banking, and our commitment to deliver a purpose beyond banking to create a more sustainable future.” DBS’ digital alteration endeavors – broadly acknowledged as one of the most thorough for a bank – continue to produce results. At end-2018, return on equity, at 12.1%, was among the topmost for a developed market bank. Above 80% of DBS’ open systems were cloud-ready; its API platform had over 350 APIs, business and tech groups were co-drivers in 33 platforms and over 10,000 workers were guided on a data-propelled curriculum. The bank has also balanced its power in digital to advance the sustainability plan, with novelties aimed at advancing financial inclusion and multiplying its social influence. It inveiled HeveaConnect, a digital trading marketplace for sustainable rubber, and persisted to enhance its mobile-only offering, digibank, in India and Indonesia, permitting right of entry to banking services for more clients in these markets. In the area of sustainable finance, DBS furnished green loans, sustainability performance-oriented loans and renewable energy financing amounting to over SGD 2.4 billion in 2018. This year, the bank signed Singapore’s first sustainability-linked loan for an SME with Chew’s Agriculture, a top egg producer in Singapore, slong with Taiwan’s first sustainability-connected loan, with electronics manufacturer AU Optronics. DBS was the first bank in Southeast Asia to be incorporated in the Dow Jones Sustainability Index Asia-Pacific, and the first Singapore bank to be labelled as a component of the FTSE4Good Global Index. It has also been incorporated in the Bloomberg Gender-Equality Index since 2018. DBS is a top financial services conglomerate in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three vital Asian axes of expansion: Greater China, Southeast Asia as well as South Asia. The bank's "AA-" and "Aa1" credit ratings are among the topmost globally. Acknowledged for its worldwide guidance, DBS has been labelled “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is a pioneer in balancing digital expertise to form the future of banking, having been labelled “World’s Best Digital Bank” by Euromoney. Apart from this, DBS has been conferred with the “Safest Bank in Asia” award by Global Finance for ten straight years from 2009 to 2018.   Mumbai  In a major  feat unmatched by other banks worldwide, DBS has become the first bank to simultaneously boast of three international best bank acknowledgem. This was obtained after DBS was named “World’s Best Bank” by top worldwide financial publication Euromoney in its 2019 Awards for Excellence.   In a feat unmatched by other banks globally, DBS has become the first bank to concurrently hold three global best bank awards.  It comes against the backdrop of the bank’s wins of Global Finance’s “Best Bank in the World” in August 2018 and The Banker’s “Bank of the Year – Global” in November 2018. This is the first time an Asian-headquartered bank has been labelled “World’s Best Bank” by Euromoney since the award was commenced in 1993. Past winners consisted of Bank of America, BNP Paribas, Citi and UBS. DBS was as well acknowledged as Asia’s Best Bank and Singapore’s Best Bank in this year’s Awards for Excellence. Clive Horwood, Editor of Euromoney stated, “DBS was chosen for our awards because it represents what we believe a bank should look like today. No other institution has worked so hard to embrace and lead digital disruption, and while some banks demonstrate their technological prowess with impressive apps, DBS does so by embedding digital innovation into everything it does – with a tangible positive impact on the bottom line. It has achieved this with a clear-sighted focus on sustainability that positions it well for the years ahead.” Piyush Gupta, DBS CEO, observed, “We are honoured to be recognised by Euromoney as the World's Best Bank. With this award, we are now the first bank ever to concurrently hold three of the most prestigious global best bank honours. This achievement underlines widespread recognition for our leadership in defining the future of banking, and our commitment to deliver a purpose beyond banking to create a more sustainable future.” DBS’ digital alteration endeavors – broadly acknowledged as one of the most thorough for a bank – continue to produce results. At end-2018, return on equity, at 12.1%, was among the topmost for a developed market bank. Above 80% of DBS’ open systems were cloud-ready; its API platform had over 350 APIs, business and tech groups were co-drivers in 33 platforms and over 10,000 workers were guided on a data-propelled curriculum. The bank has also balanced its power in digital to advance the sustainability plan, with novelties aimed at advancing financial inclusion and multiplying its social influence. It inveiled HeveaConnect, a digital trading marketplace for sustainable rubber, and persisted to enhance its mobile-only offering, digibank, in India and Indonesia, permitting right of entry to banking services for more clients in these markets. In the area of sustainable finance, DBS furnished green loans, sustainability performance-oriented loans and renewable energy financing amounting to over SGD 2.4 billion in 2018. This year, the bank signed Singapore’s first sustainability-linked loan for an SME with Chew’s Agriculture, a top egg producer in Singapore, slong with Taiwan’s first sustainability-connected loan, with electronics manufacturer AU Optronics. DBS was the first bank in Southeast Asia to be incorporated in the Dow Jones Sustainability Index Asia-Pacific, and the first Singapore bank to be labelled as a component of the FTSE4Good Global Index. It has also been incorporated in the Bloomberg Gender-Equality Index since 2018. DBS is a top financial services conglomerate in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three vital Asian axes of expansion: Greater China, Southeast Asia as well as South Asia. The bank's "AA-" and "Aa1" credit ratings are among the topmost globally. Acknowledged for its worldwide guidance, DBS has been labelled “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is a pioneer in balancing digital expertise to form the future of banking, having been labelled “World’s Best Digital Bank” by Euromoney. Apart from this, DBS has been conferred with the “Safest Bank in Asia” award by Global Finance for ten straight years from 2009 to 2018.