For the third year running, DBS has been recognised as the World’s Best Bank by New York-based financial publication Global Finance at its World’s Best Global Banks 2020 Awards.
“We are humbled by the acknowledgement of our efforts on this front, particularly how our investments in digital, and our culture of inclusivity, have enabled us to serve customers in their time of need," said Piyush Gupta, DBS CEO.
"This underlies our whole focus on being a purpose-driven bank doing real things for real people for real economies."
DBS was Global Finance’s pick for ‘Best Bank in the World’ for the first time in 2018, and was named ‘Global Bank of the Year’ by Financial Times publication The Banker in the same year.
In 2019, DBS was named ‘World’s Best Bank’ by leading financial publication Euromoney. The 2020 Global Finance title makes it the third consecutive year that DBS has been honoured with a global Best Bank accolade.
"DBS Bank is exemplary of a bank that was ready for the sharp rise in demand for digital banking services during the (COVID-19) pandemic," said Joseph D. Giarraputo, publisher and editorial director of Global Finance.
"Over the past decade, it invested heavily in all things digital and created a culture for banking that is inclusive and efficient. Those investments are paying off at a time of economic uncertainty. They have strengthened the bank’s resilience and helped it to serve its customers in their time of need.”