DBS conferred three global awards, including the most prestigious 'World's Best Bank' accolade, by Euromoney
SINGAPORE, July 18, 2025 /PRNewswire/ -- DBS scored a hat-trick win at the Euromoney Awards for Excellence 2025. This included receiving the "World's Best Bank" accolade, marking the third time that the bank has clinched Euromoney's top accolade since 2019. The recognition is a testament to DBS' solid financial performance, unwavering commitment to customer excellence, relentless focus on innovation and strong sense of purpose. DBS was also named the inaugural winner in the "World's Best Bank for Customer Experience" category and "World's Best Bank for Corporate Responsibility" for the second time.
"At a time of economic uncertainty and rapid technological change, DBS stands out for its future-forward approach, focus on trust and reliability, and proven ability to realise value from technology investments," said Dominic O'Neill, Head of Banking, Euromoney, in its award citation.
"The bank's agile-at-scale transformation has shown fruits in revenues and customer satisfaction, and low staff turnover rates are a result of investing in its employees throughout their careers, and of an underlying sense of purpose, including to social and environment causes. DBS has also demonstrated how banks can steer their organisations towards excellence in customer service. All this has had an impact on its financial results and shareholder returns, which have both reached record levels."
In 2024, DBS' total income of SGD 22.3 billion and net profit of SGD 11.4 billion were both at new highs. Return on equity of 18.0% was one of the highest among developed market banks. The bank was also the first Singapore-listed company to cross USD 100 billion in market capitalisation.
On the customer front, DBS has continued to innovate to make banking simpler, more effortless and highly personalised. In 2024, this included engaging more than 13 million customers across the region through 1.2 billion AI-powered personalised nudges to guide them towards better investment and financial decisions. Last year, the bank more than doubled economic outcomes from AI to SGD 750 million through over 370 use cases. It also continued to mature the way it manages through journeys, improving customer satisfaction, turnaround times and other customer outcomes in the process.
DBS' commitment to corporate responsibility cuts across the environmental, social and governance pillars. To help drive Asia's transition to a low-carbon economy, DBS has committed SGD 89 billion in sustainable financing commitments net of repayments. It has also pledged up to SGD 1 billion and over 1.5 million volunteer hours in the coming decade, starting 2024, to improve lives and livelihoods of the low-income and underprivileged in Asia.
Tan Su Shan, DBS CEO, said: "We are very honoured to be conferred three global awards, including the 'World's Best Bank' accolade, by Euromoney. Innovation and purpose are integral to the DBS culture, driven by our desire to make banking simpler and more effortless for customers, as well as to do real things for real people. To be recognised for our commitment to customers and society, who are at the heart of everything we do at DBS, is very gratifying. We will continue to be that trusted, purpose-driven and transformative partner that everyone can count on."
DBS received its first global Best Bank title in 2018, when New York-based Global Finance named it the Best Bank in the World. That same year, The Banker, a publication by the Financial Times, awarded DBS the title of Global Bank of the Year. In the years that followed, DBS continued to earn top honours, with Euromoney and Global Finance conferring their highest accolades in 2019 (Euromoney), 2020 (Global Finance), and 2021 (Euromoney). This latest World's Best Bank win marks the eighth time DBS has been recognised for its global leadership.
About DBSDBS 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.
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.
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/dbs-conferred-three-global-awards-including-the-most-prestigious-worlds-best-bank-accolade-by-euromoney-302508490.html
SOURCE DBS BANK LTD
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 minutes ago
- Yahoo
Yongmao Holdings (SGX:BKX) Will Pay A Dividend Of CN¥0.01
Yongmao Holdings Limited's (SGX:BKX) investors are due to receive a payment of CN¥0.01 per share on 5th of September. This payment means the dividend yield will be 1.4%, which is below the average for the industry. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Yongmao Holdings' Projected Earnings Seem Likely To Cover Future Distributions If it is predictable over a long period, even low dividend yields can be attractive. Yongmao Holdings is quite easily earning enough to cover the dividend, however it is being let down by weak cash flows. We think that cash flows should take priority over earnings, so this is definitely a worry for the dividend going forward. EPS is set to fall by 11.1% over the next 12 months if recent trends continue. If the dividend continues along recent trends, we estimate the payout ratio could be 2.7%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future. Check out our latest analysis for Yongmao Holdings Dividend Volatility The company has a long dividend track record, but it doesn't look great with cuts in the past. Since 2015, the dividend has gone from CN¥0.138 total annually to CN¥0.056. The dividend has shrunk at around 8.6% a year during that period. Generally, we don't like to see a dividend that has been declining over time as this can degrade shareholders' returns and indicate that the company may be running into problems. The Dividend Has Limited Growth Potential With a relatively unstable dividend, and a poor history of shrinking dividends, it's even more important to see if EPS is growing. Over the past five years, it looks as though Yongmao Holdings' EPS has declined at around 11% a year. This steep decline can indicate that the business is going through a tough time, which could constrain its ability to pay a larger dividend each year in the future. The Dividend Could Prove To Be Unreliable In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about Yongmao Holdings' payments, as there could be some issues with sustaining them into the future. While Yongmao Holdings is earning enough to cover the payments, the cash flows are lacking. We would probably look elsewhere for an income investment. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. However, there are other things to consider for investors when analysing stock performance. For example, we've identified 5 warning signs for Yongmao Holdings (2 shouldn't be ignored!) that you should be aware of before investing. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Forbes
4 minutes ago
- Forbes
From Bitcoin To Ethereum: The Rise Of Crypto Treasury Strategies
A New Era for Crypto Treasury Strategies More and more companies are now raising cash specifically to implement crypto treasury strategies—allocating funds to buy bitcoin and other cryptocurrencies. MicroStrategy pioneered this approach at scale, and its success has inspired a wave of corporate imitators worldwide. MicroStrategy's Bold Bet on Bitcoin MicroStrategy began buying bitcoin in August 2020. As of July 18, 2025, it holds about 601,550 bitcoins, valued at over $70 billion at current prices. The company paid an average of $71,268 per coin, totaling $42.87 billion in investment. With bitcoin trading near $120,000, MicroStrategy's bitcoin position has gained approximately 68%. Its stock has done even better. Since January 2025, shares are up 46%, beating bitcoin's 26% gain over the same period. Since launching its bitcoin strategy in 2020, MicroStrategy stock has surged over 3,000%. The Copycat Effect in Crypto Treasury Strategies MicroStrategy's performance has turned heads. Japan's Metaplanet is one standout follower. The company says holding bitcoin through its stock offers tax advantages under Japanese law. Since April 2024, Metaplanet has accumulated over 16,000 bitcoin, and its stock price has jumped over 4,000%. 'One of the strategic advantages... is the more favorable tax treatment of shareholders who seek exposure to bitcoin through its stock versus the punitive tax treatment of those who own bitcoin directly.' – Benchmark Equity Research, 11 July 2025 Not all imitators have fared as well. GameStop entered the market in May 2025 following board approval in March. After raising $2.25 billion, likely for bitcoin purchases, its stock has remained volatile. So far, companies that moved early and stayed focused have delivered the strongest returns. Ethereum Enters the Crypto Treasury Spotlight While bitcoin led the way, Ethereum is now gaining ground in corporate treasuries. In June 2025, SharpLink Gaming (SBET) raised $425 million in a deal led by Consensys and named Ethereum co-founder Joseph Lubin as chairman. The company said it would use nearly all the cash to buy ether, Ethereum's native token. SBET shares jumped from $3 to nearly $79, and by July 18, traded at $29—still nearly 900% higher than before the announcement. Another example is BitMine Immersion Technologies. In May, crypto bull Tom Lee joined the board, and Peter Thiel acquired a 9.1% stake. BitMine revealed that about 40–50% of its treasury is now in ether. The stock soared from $3 to $135, and by July 18, closed at $42.35—a 1,300% gain from pre-announcement levels. A list of Ethereum treasury companies: A list of Ethereum treasury companies Beyond Bitcoin: Expanding Crypto Treasury Strategies The trend is expanding beyond BTC and ETH. SRM Entertainment, now Tron Inc., has gone all-in on TRX. Others have adopted BNB, Hyperliquid, and even Litecoin as reserve assets. In one dramatic case, YHC Corporation became a media sensation after Robert Leshner (founder of Compound) announced plans to acquire it and turn it into a crypto treasury company—then backed out due to lawsuits over the control issues. The stock whiplashed, highlighting how speculative this sector has become. With so many companies jumping into crypto, skepticism is growing. 'We're seeing companies with no real crypto ties suddenly pivot to these strategies just to pump their stock. It feels like a bubble.' – Anonymous fund manager, Bloomberg Markets, July 2025 Risks Facing Crypto Treasury Strategies Despite big returns, the risks are real. Critics argue that many crypto treasury strategies depend on a fragile loop: raise money, buy crypto, drive up share price, then raise more. Prominent short-seller Jim Chanos has been one of the harshest voices. He warns that MicroStrategy trades well above the value of its bitcoin holdings—and that its complex financing structure adds risk. 'MicroStrategy's model is simple: borrow cheap, buy bitcoin, watch it rise, sell more stock at a premium, and repeat,' he said. 'But if bitcoin falls or debt costs rise, the whole cycle could break.' He compares the current trend to the SPAC bubble of 2021—where hype fueled overvalued companies that eventually collapsed. Peter Schiff, Chief Economist & Global Strategist at Europac. Conclusion: The Future of Crypto Treasury Strategies Crypto treasury strategies are changing how companies manage their cash. Early adopters have seen massive gains, but risks around volatility, debt, and euphoria are growing. Whether this marks a true financial revolution or just another speculative bubble remains to be seen—but for now, crypto treasury strategies are clearly rewriting the corporate playbook.
Yahoo
12 minutes ago
- Yahoo
Manny Pacquiao net worth: How much money boxing legend has made in career earnings, endorsements and politics
Manny Pacquiao grew up in extreme poverty, to the point that he had to drop out of high school to help support his family. Few could have imagined the type of globally prominent figure he would become. A legendary boxer who took on a political career and even dabbled in professional basketball, Pacquiao is now one of the faces of the Philippines — and money is no longer an issue. Between winnings and endorsement deals, Pacquiao has amassed more wealth than he ever could have imagined. Here's a closer look at Pacquiao's net worth, career earnings and sponsorship deals. MORE:Ranking Manny Pacquiao's 9 best fights Manny Pacquiao net worth Pacquiao has an estimated net worth of $220 million, according to Celebrity Net Worth. For someone whose family struggled so much financially while he was growing up, that is a remarkable figure. Pacquiao has earned plenty of winnings in his boxing career, which includes 62 wins and numerous high-profile fights, but he has also made significant money through endorsement deals as a result of his global popularity. MORE:What happened when Manny Pacquiao fought Floyd Mayweather? Manny Pacquiao career earnings in boxing Pacquiao has made $575 million in career earnings as a boxer — or $775 million adjusted for inflation. Pacquiao's non-adjusted figure ranks third among fighters behind only Floyd Mayweather and Mike Tyson. Pacquiao's pay-per-view fights have generated nearly $1.3 billion in revenue, including a stunning $400 million for his highly-publicized fight against Mayweather in 2015. While he certainly doesn't see all of that revenue, he sees enough — and won enough in other fights — to amass hundreds of millions in earnings. In 2012, Forbes ranked Pacquiao as the second highest-earning athlete of the year, trailing only Mayweather. MORE:Boxing scoring, explained: A guide to understanding the rules, points system and judges Manny Pacquiao endorsements Like many prominent athletes, Pacquiao has acquired plenty of his wealth through brand endorsement deals. At the height of his career, Pacquiao had deals with Nike, Nestle, Hewlett-Packard and Hennessy, according to the Intellectual Property Office of the Philippines. Very few details of the deals were disclosed, though it was reported Pacquiao's deal with HP was worth more than $1 million. Pacquiao's other sponsorship deals included Wonder Pistachios, Monster Energy, Sony and San Miguel Beer, though his brand started to suffer a bit when he suffered back-to-back losses in 2012. In 2016, Nike dropped Pacquiao over controversial comments he made criticizing same-sex relationships. Pacquiao issued an apology for the words he chose but not the sentiment, and he signed a new deal with Chinese apparel brand Anta later in the year. MORE:Meet Manny Pacquiao's aspiring boxer son, politician wife and more Manny Pacquiao career earnings in politics Pacquiao's positions in the Filipino government did not come with high-paying salaries. While the exact figures he received year-by-year are not available, even the president of the Philippines — an office he unsuccessfully sought in 2022 — makes less than $100,000 per year in U.S. dollars. Compared to the money Pacquiao made as a boxer and through endorsement deals, his foray into politics was not lucrative on its own. MORE:Manny Pacquiao politics timeline, from becoming a senator to a run for President Manny Pacquiao career earnings in music, acting and media Pacquiao has made a handful of TV and movie appearances in his career, including acting roles in Filipino films early in his boxing career. More recently, most of his appearances have been as himself — including numerous appearances in documentaries. There is no available information regarding Pacquiao's earnings from acting or media appearances, though his appearances largely haven't been significant enough to assume a notable chunk of his net worth comes from the screen. Tax issues and legal settlements Pacquiao and his wife were assessed a $55.8 million tax bill, including penalties and interest, for allegedly failing to completely pay what he owed between 2008 and 2009, taking issue with his failure to report U.S. earnings. Pacquiao claimed he paid the taxes in the U.S. However, an appeals court dismissed the bill in 2022, ruling that the tax agency violated Pacquiao's due process by basing the assessment on news reports and not informing him of the the factual basis behind the assessment. While Pacquiao has a net worth of more than $220 million today, a $55.8 million tax payment would have been a significant hit for the legendary boxer. "I thank the Lord that the truth has come out," Pacquiao said after the ruling, which was upheld in early 2025. MORE:Why Mario Barrios said 'the respect won't be there' when he fights Manny Pacquiao
