Awards for Excellence 2008: Singapore
Best bank and Best debt house: DBS
Best equity house: JPMorgan
Best M&A house: Morgan Stanley
DBS is the bank that every Singaporean grows up with: almost the entire population are consumer customers. That legacy hasn’t always been of assistance to DBS as it has tried to transform itself from a sleepy deposit bank to a regional powerhouse. However, it has given it the most powerful franchise in the country.
It is the largest bank in the nation measured by assets. It reaches retail clients through 79 branches and 900 ATMs, between them handling half of the ATM transactions in Singapore; it is powerful locally in consumer banking, treasury, markets, asset management, securities brokerage, equity and debt; it estimates it has 76% of the local online banking market, with more than a million customers using the internet platforms.