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DBS named safest bank in Asia for 12th year running

Singapore-headquartered DBS Bank has been named the "Safest Bank in Asia” for the 12th consecutive year by New York-based trade publication Global Finance.

It is also the fourth safest commercial bank in the world and 14th safest bank globally since 2018.

“In a year of major turbulence on several fronts, DBS is confirmed to be the safest bank in Asia for the 12th consecutive year and one of the World’s Safest Banks globally," said Joseph D. Giarraputo, Global Finance publisher and editorial director.

"It is a sign of the bank’s strength and resiliency, and the result of its strong presence in key markets across the region."

Photo courtesy: Wikimedia
Photo courtesy: Wikimedia

Added Chng Sok Hui, Chief Financial Officer of DBS Bank, “We are honoured that Global Finance has recognised us as the Safest Bank in Asia for the 12th consecutive year. During these challenging times, we remain committed to upholding the trust of our customers and ensuring that we continue to seamlessly provide for all their banking needs.”

Earlier this year, DBS was also Global Finance’s pick for "Best Bank in the World" 2020, follpwing a similar win in 2018.

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CtoI News Desk
CtoI News Desk – CtoI

Singapore-headquartered online media company targeting Indians Diaspora across Singapore, US, UK and UAE. Connected to India covers developments around NRIs. Cover arts, political, sports, finance, entrepreneurship, business, movies, dramas, entertainment and other stories for and about Indians living abroad.

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