BEST BANK, BEST INVESTMENT BANK, BEST BOND HOUSE, BEST EQUITY HOUSE, BEST FOREIGN EXCHANGE BANK
DBS continues to bag the awards in Singapore for a number of reasons. For one, the bank’s earnings have hit record highs despite low rates a sign that it has succeeded in de-coupling its earnings from the rate cycle. It has achieved this by cross-selling a wide range of products from cash to investment banking and has also beefed up its private wealth management arm.
During the financial year 2012, DBS reported a record net profit of S$3.81 billion, making...