DBS Bank Ltd (Bank DBS) today announced that it has been named the "Safest Bank in Asia" by the New York-based trade magazine Global Finance. This marks the 16th consecutive year Bank DBS has received the recognition since 2009. Bank DBS also retained its second position on the list of the "World's 50 Safest Commercial Banks" and ranks 12th on the list of the "World's 50 Safest Banks". Bank DBS has retained these rankings for the third consecutive year.

Global Finance's annual "World's Safest Banks" ranking has been a recognised and trusted standard of financial institution safety for more than three decades. Winners are selected through an evaluation of long-term foreign currency ratings—from Moody's, Standard & Poor's, and Fitch—of the 500 largest banks worldwide.

Founder & Editorial Director of Global Finance Joseph D. Giarraputo said, "Amid ongoing economic volatility and increased scrutiny of digital currencies, financial institutions must contend with an ever-growing number of risks. Bank DBS continues to be resilient in its risk management across their network and a bedrock of banking services for its clients in Asia."

Chief Financial Officer Bank DBS Chng Sok Hui said, "It is an honour for us to be recognised by Global finance as the 'Safest Bank in Asia' yet again. In a world marked by increasing geopolitical and economic uncertainties, Bank DBS’ strong network and credit ratings—underpinned by a solid balance sheet and robust controls and sound risk management practices—instill confidence in our stakeholders. This accolade is a testament to Bank DBS’ financial strength. We will continue to strengthen Bank DBS’ role as a trusted partner for our customers and the community."

Bank DBS has received global recognition from several prestigious financial publications, having been named "World's Best Bank" multiple times by Euromoney, Global Finance and The Banker, and "World's Best Bank for Corporate Responsibility" and "World's Best Digital Bank" by Euromoney. Additionally, Bank DBS has been featured in numerous case studies, with the latest by Harvard Business School, published in 2024, accessible here.

[END]

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 4 Functional Offices 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.

Bank DBS accorded "Safest Bank in Asia" award by Global Finance for 16 consecutive years