Despite DBS’s standout performance, the report notes that overall revenues and profits for banking institutions have seen a downturn over the past year.
SINGAPORE: DBS Bank has been named the leading bank in Southeast Asia in the first-ever Southeast Asia 500 rankings by Fortune magazine.
Close behind DBS, United Overseas Bank and Oversea-Chinese Banking Corporation , both headquartered in Singapore, claimed the 11th and 12th positions, respectively, on the overall list. SEA Group, the tech conglomerate behind Shopee and a key player in digital banking and payment services, came in at 20th.
This decline has been attributed to weakened energy markets, which have adversely affected the broader economic environment in the region.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man arrested for allegedly threatening to plant a bomb at DBS’ headquartersNo suspicious items were found at DBS Asia Hub and DBS Asia Central.
Read more »
84 S’pore names, including DBS, in first Fortune 500 list of South-east Asia’s largest companiesAmong them was commodities trader Trafigura, which ranked first by revenue, while DBS Group was 10th.
Read more »
DBS targeting to grow wealth management assets to S$500 billion within next 2 yearsA top executive also disclosed that DBS aims to double its client base of individuals holding at least S$1 million in assets by 2026.
Read more »
DBS eyes S$500 billion in wealth assets by 2026, top executive saysSINGAPORE: DBS Group plans to boost assets under management for its wealth business to S$500 billion (US$369.7 billion) by the end of 2026, said the unit's head, as the top Singaporean bank bets on robust inflows into the country.
Read more »
Best credit card promotions in Singapore (June to July 2024): Citibank, DBS, HSBC, UOB, and moreThis June, we're giving away Category 1 Tickets for ASMeiR Max 2024 World Tour - Singapore (worth $656 per pair), a Samsung Galaxy S24 Ultra 512GB (worth $2,458), an exquisite dining experience for two at Michelin-starred restaurants (worth over $900), Apple iPads (10th Gen) 64GB (worth $529), up to 85,000 miles…and the list goes on.
Read more »
DBS rolls out program to help SMEs expand abroadpemThe scheme targets 1,000 local firms and businesses across the region/em./p pDBS has launched its Bridging Business Horizons programme to support the overseas expansion of small and medium enterprises (SMEs) and mid-sized firms in Singapore and across the region.
Read more »