DBS sweeps the board in Singapore

DBS had an outstanding 2017 and deservedly collected six awards at our annual Country Achievement Awards ceremony. Citigroup and Credit Suisse kept up their strong showing in the Island State.

BEST BANK, BEST INVESTMENT BANK, BEST DCM HOUSE, BEST ECM HOUSE, BEST PRIVATE BANK DBS

After a difficult 2016, DBS delivered recording-breaking earnings in fiscal 2017, despite setting aside more money to help cover the rising non-performing assets resulting from its exposure to the embattled oil and gas sector.

Both total income and net profit reached record levels of S$11.9 billion US$8.9 billion and S$4.4 billion, respectively, at the group level.

Consumer banking was a bright spot as total income rose 9% to a record S$4.7 billion, thanks to the successful integration of ANZ’s retail banking and wealth...

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