The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Asia's best bank 2016: DBS

Awards for Excellence 2016

AfE 2016 logo-196 135

Results index 

It is time to acknowledge a home-grown banking champion that, while still lacking the pan-Asian scope of some international rivals, has demonstrated consistent excellence and a commitment to innovation. At a time when many western banks are in retreat from Asia, it is right to applaud one that is increasing market penetration almost everywhere it attempts to do business.

Yet it is a surprisingly rare model in Asia. Asean-focused banks abound, but DBS is the only local house that seems to want to take on Greater China, India and Indonesia. As CEO Piyush Gupta notes: half the world lives there. There is plenty to do.

DBS is of sufficient scale now that it can stand comparison with global banks. Full year total income hit S$10.8 billion ($8 billion) in 2015 and net profit S$4.45 billion, roughly what UBS earned in financial 2014; more importantly, both revenues and profits were up 12% year on year in a difficult environment.

Gupta is fond of a chart that cross-references year-on-year revenue growth and return on equity on a grid, comparing DBS with global peers.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree