Global Finance magazine has announced its 25th annual awards for the World’s Best Banks recently.
All selections were made by the editors of Global Finance after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts throughout the world.
In selecting these top banks, Global Finance considered factors that range from the quantitative objective to the informed subjective. In addition, a poll of Global Finance’s corporate readership was conducted in order to increase the accuracy and reliability of the results.
Banks were invited to submit entries supporting their selection. Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products.
Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.
“At a time of unprecedented change in the financial services industry, Global Finance’s annual Best Bank Awards continue to deliver a consistent evaluation of financial industry performance, whether in developing products to meet emerging financing needs or designing digital platforms that speed and enhance services,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance.
“The winners are world-class leaders, responding adeptly to shifting political winds, new technologies and changing market conditions.”
.. and for now, presenting to you first, the list of regional winners:
|Africa||Standard Bank Group|
|Central & Eastern Europe||Raiffeisen Bank International|
|Middle East||Arab Bank|
|North America||Bank of America|
A full report on the selections will appear in the May issue of Global Finance, with winners chosen in nearly 150 countries across Africa, Asia-Pacific, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe. It will also feature selections for the Best US Regional Banks and the World’s Best Banks by Region.
The overall Best Bank in the World will be announced in the summer and published in the October issue, along with the Best Global Banks in 14 key categories.
More about DBS BANK that you must at least know:
1. Founded in 1968 by the Singapore government and previously known as the Development Bank of Singapore Ltd, DBS Group Holdings Ltd provides corporate, consumer and wholesale banking services to customers in Singapore, Hong Kong, China, India, Indonesia, Malaysia, Thailand and the Philippines.
2. With over 280 branches across 18 markets in Asia, DBS Banks are the largest bank in Singapore and Southeast Asia.
3. DBS is recognised as the Bank of the Year, Asia by The Banker, a member of the Financial Times Group, and Best Bank in Asia-Pacific by Global Finance. The bank has also been named "Safest Bank in Asia" by Global Finance for nine consecutive years from 2009 to 2017.
4. DBS’s largest shareholder is Temasek Holdings (the government’s investment arm).
Source : Global Finance Official Website and