Bank DBS repeats success at the Asset Triple A Treasurise Awards & Triple A Sustainable Investing Awards | Bahasa

Indonesia, 16 Jun 2025 - Bank DBS Indonesia has once again received prestigious recognition at the Triple A Treasurise Awards and the Triple A Sustainable Investing Awards organized by The Asset. At the Treasurise Awards, the bank was honored as Best Cash Management Bank, and also received the award for Distribution/Procurement - Best Payments and Collections Solution for its work with PT Borwita Citra Prima. Meanwhile, at the Sustainable Investing Awards, Bank DBS Indonesia was named Best Custody Specialist – Insurance and received the Best Corporate Trust Mandate award in the categories of Renewable Energy (EV) and Waste-to-Energy.


Bank DBS Indonesia continues to lead the way in providing financial solutions that are relevant and adaptable to clients' evolving needs. Amid global uncertainties, diversification strategies have become essential for businesses to ensure sustainability. In response to these challenges, Bank DBS Indonesia offers a range of innovative and evolving liquidity solutions, along with comprehensive digital payment collection services. This includes integrated solutions through Virtual Accounts (VA) and Quick Response Code Indonesian Standard (QRIS) to support clients in maintaining business continuity.


To support the expansion of networks and strategic alliances, Bank DBS Indonesia offers competitive foreign exchange rates for various businesses, accompanied by cash management services and working capital facilities designed to drive business expansion into international markets. Bank DBS Indonesia also strengthens its digital transformation strategy by enabling easier access for institutional investors to the capital market, revolutionizing cross-border remittance processes in Indonesia through Application Programming Interface (API) integration, and enhancing business process efficiency with leading digital solutions.


Head of Global Transaction Services at Bank DBS Indonesia Dandy Pandi, stated, “This recognition from The Asset Triple A Awards reflects our strong commitment to delivering innovative and digital financial solutions that align with our clients’ evolving needs. It serves as a motivation for us to continue innovating, providing the best services, and accelerating inclusive and sustainable financial transformation in Indonesia. We remain committed to being a trusted partner in supporting our clients’ business growth.”


In the Best Payments and Collections Solution category, one of Bank DBS Indonesia’s standout solutions was developed for PT Borwita Citra Prima (BCP), a Surabaya-based Fast-Moving Consumer Goods (FMCG) distribution company in East Java. Previously, BCP faced operational challenges, with around 60 percent of its receivables collected in cash by collectors, posing significant security risks. Additionally, the funds received were only recorded in the financial system the following day, after being deposited at the bank. While BCP had already implemented Virtual Accounts (VA) to manage payment collections, the effectiveness was still limited, as it could only be used by payers who had access to certain banking locations and channels such as branches, ATMs, or mobile banking.


As a trusted partner for business growth, Bank DBS Indonesia introduced a fully digital, end-to-end integrated payment collection solution by combining Virtual Accounts (VA) with QRIS. QRIS complements the existing VA system previously used by BCP. Furthermore, Bank DBS Indonesia’s API solution, DBS RAPID, has been directly integrated into BCP’s Enterprise Resource Planning (ERP) system, enabling real-time notification and reconciliation processes. In addition, the QRIS code generator has been embedded into BCP’s mobile-based internal billing application, making it easily accessible for field collectors.

Digital Solutions for Sustainable Investment

As a trusted partner in supporting sustainable growth, Bank DBS Indonesia also serves as the sole provider of custody services and syndicated loan agency services. In recognition of this role, the Bank was awarded Best Custody Specialist – Insurance and Best Corporate Trust Mandate for projects in Renewable Energy (EV) and Waste-to-Energy.


This prestigious regional award is a testament to Bank DBS’s 56 years of experience and excellence in asset management, reflected in its consistent performance across branch networks and market-recognized financial solution innovations. As the Best Custody Specialist in the Insurance category, Bank DBS Indonesia is entrusted by global insurance companies to provide custody and fund administration services, covering 18 life insurance funds with portfolios spanning multiple asset classes and markets. These services involve complex trade and cash instruction formats, as well as seamless system integration with global processing centers. Bank DBS Indonesia also leverages technology and in-house expertise to streamline and shorten the asset transfer process.


The Best Corporate Trust Mandate award in the Renewable Energy (EV) category was achieved through a collaboration between Bank DBS, the Asian Development Bank (ADB), and the Australian Climate Finance Partnership (ACFP). Through this partnership, a green financing facility of USD 15 million was arranged to accelerate the development of the electric mobility ecosystem in Indonesia. The investment funds will be channeled by PT TBS Energi Utama Tbk (TBS) through its electric two-wheeler subsidiary, PT Energi Kreasi Bersama (Electrum), with the aim of increasing electric motorcycle adoption and expanding the national battery-swapping infrastructure network.


Bank DBS Indonesia also received the Best Corporate Trust Mandate award in the Waste-to-Energy category. The bank was appointed as the sole financial advisor for the financing of one of the projects, with a value of up to USD 100 million. In addition, Bank DBS Indonesia served as the Mandated Lead Arranger and lender for the development of a Waste-to-Energy (WTE) plant, which is targeted to begin commercial operations in October 2026. Beyond providing financing facilities, Bank DBS Indonesia also acts as the facility agent and security agent for both loan arrangements.


For more information about Global Transactions Services, please visit: dbs.id.

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About DBS


DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.


Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 16 consecutive years from 2009 to 2024.


DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.


Established in 1989 as part of the Singapore-based DBS Group, PT Bank DBS Indonesia (Bank DBS Indonesia) is one of the banks with the longest history in Asia. Currently operating 1 Head Office, 13 Branch Offices, 16 Assistant Offices and 1 Functional Office and 3,011 active employees in 15 Major Cities in Indonesia, Bank DBS Indonesia provides comprehensive banking services that focus on the customer experience to 'Live more, Bank less'. We also see a purpose beyond banking and are committed to supporting our customers, employees, and the community towards a sustainable future. 


PT Bank DBS Indonesia is licensed and supervised by The Indonesian Financial Services Authority (OJK), and an insured member of Indonesia Deposit Insurance Corporation (LPS).


DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.


With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.