Singapore

BEST BANK
DBS

BEST EQUITY HOUSE
UBS

BEST DEBT HOUSE
HSBC

BEST M&A HOUSE
CSFB

DBS retains the best bank in Singapore award as it continues to dominate the island state’s growing economy. With total bank assets of $85.6 billion as at December 2004, DBS is Singapore’s largest bank, just ahead of rival UOB. DBS is a full retail and corporate banking operation with a network of more than 170 branches in Singapore and 11,000 employees. The group operates a “two brands, one bank” strategy, with DBS operations aimed at the wealthier local customers and POSB addressing the mass market.