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  • DBS regains the best bank in Asia award it first won three years ago, for showing how innovation, digital vision and creative thinking can not only sound good but also translate into record profits and resilient margins.
  • Asia’s best bank
  • Singapore’s banks lead the field in services for small and medium-sized enterprises that go beyond their home base into the surrounding countries: some of the very few cross-border SME businesses that can be found in the world.
  • Our review period was a difficult one for private banking operations in the region, as it was worldwide: the fourth quarter wiped out huge chunks of revenues and assets for some international and local players, and it was a year that required sound individual advice for clients.
  • Citi has long impressed for its front-end digital excellence, with streamlined and clever apps aplenty, and for its ability to integrate itself into the lives of its customers at every level through a string of partnerships across the region.
  • There are several banks in Asia that are deeply committed to helping the region continue economic growth but also to addressing the challenge of carbon intensity, but one bank in particular, HSBC, is working across the entire region across the spectrum – helping improve livelihoods and helping companies with their low carbon transition.
  • Goldman Sachs advised on the highest volume of M&A, both announced and completed, in Asia Pacific during our review period, but it is the importance of the transactions and their geographical range that win the bank this award. John Kim is head of M&A, ex-Japan Asia.
  • UOB has a reputation for conservatism. It is a family dynasty bank that thinks for the very long term, so the digital shifts of recent years there are highly important. The announcement during our review period of a new digital bank for the region came alongside a greater level of openness at the bank. Both are welcome.
  • For the second year running, Bank of America Merrill Lynch wins Euromoney’s award for best bank for corporate responsibility in Asia.
  • Our review period embraced a curious 12 months of market performance in which bankers needed to be able to deliver a wide range of financing options to clients. Sometimes it needed high-yield debt, sometimes structured finance, sometimes just the protective arm of the balance sheet until brighter times arrived.
  • Australia Best Bank