Latest news with #Euromoney
Yahoo
7 hours ago
- Business
- Yahoo
CITI RECOGNISED AS BEST INTERNATIONAL BANK IN SINGAPORE IN RECORD HAUL AT THE EUROMONEY AWARDS FOR EXCELLENCE 2025
Citi also named Best Investment Bank for M&A in Singapore CEO Jane Fraser named Banker of the Year Over 50 awards recognize Citi's global network SINGAPORE, July 24, 2025 /PRNewswire/ -- Citi has been named the Best International Bank and Best Investment Bank for M&A in Singapore at the Euromoney Awards for Excellence 2025. The bank won 17 awards across Asia, including the Best International Bank award in six markets and Asia's Best Investment Bank for DCM, a strong testament to the leadership and strength of the business within the region. In total, Citi won a record 52 global, regional and local market awards from Euromoney, including CEO Jane Fraser's "Banker of The Year" award, at the annual Euromoney Awards for Excellence 2025 event held in London. The Banker of the Year award recognized Jane's unique leadership style and ability to influence significant change across the bank, highlighting Citi's record financial performance in recent quarters and across each of its five businesses. "Euromoney names Jane Fraser its banker of the year for her decisive action to reshape Citi into a simpler and more coherent bank, bringing the firm new business momentum over the past year," said Euromoney in the editorial write-up announcing the award. Fraser said, "These awards are a testament to the extraordinary dedication of our colleagues around the world. Their hard work, innovation and commitment to our clients are driving Citi forward. I'm proud of the progress we're making against our strategy — and this recognition affirms that we're on the right path." "Citi has been in Singapore since 1902 and has grown into a full-service partner for clients here. As Euromoney's Best International Bank in Singapore, we are proud to provide our clients with access to our international network and expertise in Banking, Markets, Services, and Wealth, and remain committed to serving our clients and meeting their needs," said Tibor Pandi, Singapore Citi Country Officer and Banking Head. Euromoney, a leading global financial markets magazine, recognizes the best in banking across key areas that are most important to a bank's key stakeholders, clients, board and executive management teams. The period of consideration for the awards was the 2024 calendar year. In its 30th edition, the 2025 Euromoney Awards recognized Citi as: The World's Best Investment Bank for Financing The World's Best Investment Bank for Debt Capital Markets (DCM) The World's Best for Research The World's Best Digital Bank for Large Corporates Asia's Best Investment Bank for DCM About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. Additional information may be found at | X: @Citi | LinkedIn: | YouTube: | Facebook: View original content to download multimedia: SOURCE Citi
Zawya
a day ago
- Business
- Zawya
Citi wins record Haul at The Euromoney Awards For Excellence 2025
Over 50 awards recognize Citi's global network Including six regional and country awards in Middle East and Africa Dubai — Citi won a record 52 global, regional and local market awards from Euromoney, including CEO Jane Fraser's 'Banker of The Year' award, at the annual Euromoney Awards for Excellence 2025 event, held in London on July 17th, Including six regional and country awards in Middle East and Africa. The Banker of the Year award recognized Jane's unique leadership style and ability to influence significant change across the bank, highlighting Citi's record financial performance in recent quarters and across each of its five businesses. 'Euromoney names Jane Fraser its banker of the year for her decisive action to reshape Citi into a simpler and more coherent bank, bringing the firm new business momentum over the past year,' said Euromoney in the editorial write-up announcing the award. Fraser said, 'These awards are a testament to the extraordinary dedication of our colleagues around the world. Their hard work, innovation and commitment to our clients are driving Citi forward. I'm proud of the progress we're making against our strategy — and this recognition affirms that we're on the right path.' Euromoney, a leading global financial markets magazine, recognizes the best in banking across key areas that are most important to a bank's key stakeholders, clients, board and executive management teams. The period of consideration for the awards was the 2024 calendar year. This is a milestone moment for our team in the Middle East and Africa', said Ebru Pakcan, Middle East & Africa Cluster and Banking Head. 'The six awards are a testament to the collaboration and drive I see across the region every day, and a reflection of the Citi team's talent, tenacity, and client focus.' Citi received multiple regional and local market awards in the Middle East and Africa, including: Africa's Best Investment Bank for Financing The Middle East's Best Investment Bank for M&A Kazakhstan's Best International Bank Pakistan's Best Bank for Securities Services Turkey's Best Investment Bank The UAE's Best Investment Bank for M&A ' In its 30th edition, the 2025 Euromoney Awards recognized Citi as: The World's Best Investment Bank for Financing The World's Best Investment Bank for Debt Capital Markets (DCM) The World's Best Bank for Research The World's Best Digital Bank for Large Corporates
Mint
2 days ago
- Business
- Mint
DBS Conferred Three Global Awards, Including the Most Prestigious ‘World's Best Bank' Accolade, by Euromoney
Singapore & India – Business Wire India Recognised as 'World's Best Bank for Customer Experience' and 'World's Best Bank for Corporate Responsibility' Also named 'Best Digital Bank for SMEs – India' in a first-time win from Euromoney DBS scored a hat-trick of global wins 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. In another maiden win from Euromoney, DBS has been recognised as the Best Digital Bank for SMEs in India, underlining the value that its digital-first offering has delivered for customers domestically as well. '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.' Rajat Verma, Managing Director and CEO, DBS Bank India, added 'The recognition from Euromoney is an affirmation of the trust our customers place in us and the impact we have on the communities we serve. The first-time award for 'Best Digital Bank for SMEs' in India has reinforced that our support for SMEs is truly valued, as we help them innovate, internationalise and increase competitiveness.' 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. 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. In 2025, CRISIL Ratings reaffirmed its 'CRISIL AAA/Stable' rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at 'CRISIL A1+'. 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. In 2025, DBS Bank India was recognised by CRISIL - Coalition Greenwich as the Best Bank for Corporate Banking and Best Bank for Corporate Cash Management in India. Euromoney also named DBS Bank India the Best Digital Bank for SMEs in India in 2025. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets. DBS Bank has been present in India for more than 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them 'Live more, Bank less'. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. DBS Bank India is now present in ~350 locations in 19 Indian states. 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 Note to the Reader: This article is part of Hindustan Times' promotional consumer connect initiative and is independently created by the brand. Hindustan Times assumes no editorial responsibility for the content.
Business Recorder
4 days ago
- Business
- Business Recorder
HBL wins ‘Best Bank in Pakistan 2025' award
KARACHI: Euromoney Awards for Excellence 2025 has awarded HBL the accolade of 'Pakistan's Best Bank'. The Bank has also won 'Pakistan's Best Bank for Large Corporates' and 'Pakistan's Best Investment Bank'. Euromoney is a global English-language publication focused on business and finance. These awards are the most prestigious recognition in the banking industry, globally. The Euromoney citation acknowledges that 'HBL remains an undisputed leader as Pakistan's best bank, demonstrating once again standout financial growth and continuous improvement in the digital space.' The citation went on to note, 'HBL remains one of the key players in Pakistan's agriculture sector, a vital part of the country's economy, highlighting the Bank's commitment to the economic development of Pakistan.' Commenting on the recognition, Muhammad Nassir Salim, President & CEO – HBL said, 'HBL is proud to serve its valued clients who have made these wins possible. These wins are a tribute to our millions of clients' continued trust and confidence in HBL.' Copyright Business Recorder, 2025
Straits Times
4 days ago
- Business
- Straits Times
DBS hits record high above $47; CDL up after director Philip Yeo announces resignation
Find out what's new on ST website and app. More than 4.2 million DBS shares changed hands on July 18, the day the bank was named World's Best Bank by Euromoney for the third time since 2019. SINGAPORE – Shares of DBS Bank crested an all-time high of $47.05 on July 18 before ending the week slightly lower at $46.99. More than 4.2 million DBS shares changed hands that day, when Singapore's largest bank was named World's Best Bank by Euromoney for the third time since 2019. Just a day earlier, on July 17, RHB analysts in a research report reiterated their 'buy' call on DBS with a $47 target price. However, they also warned of increased share price volatility for DBS, citing the bank's large loan book and the elevated valuation of its shares compared with their book value. Another stalwart of the Straits Times Index, City Developments Limited (CDL), jumped 6.3 per cent on July 16, following news that long-serving director Philip Yeo would step down from the board. The veteran former civil servant's last day with CDL will be July 31. The move marks a turning point in the uneasy stalemate between chief executive Sherman Kwek and his father, Mr Kwek Leng Beng, with whom Mr Yeo had been aligned in a feud on board composition and corporate governance. Top stories Swipe. Select. Stay informed. Singapore Priority for singles, higher quota for second-timer families to kick in from HDB's July BTO exercise Singapore Both Bukit Panjang LRT disruptions in July linked to newly installed power system: SMRT Singapore 1 in 3 vapes here laced with etomidate; MOH working with MHA to list it as illegal drug: Ong Ye Kung Asia Johor Bahru collision claims lives of e-hailing driver and Singapore passenger Sport Arsenal arrive in Singapore for pre-season matches with AC Milan and Newcastle Business Crypto exchange Tokenize to shut down Singapore operations Singapore More initiatives and support for migrant community announced at Racial Harmony Day event Singapore ComfortDelGro to discipline driver who flung relative's wheelchair out of taxi Observers said the move could be a step towards unlocking greater shareholder value as the younger Mr Kwek will be able to chart the company's direction more assertively. CDL's shares closed on July 18 at $5.90, up 8.7 per cent through the week. Centurion reveals plans for new Reit Shares of Centurion Corp closed the week at $1.73, down more than 6.4 per cent from the all-time high of $1.85 on July 14. The accommodation provider last week moved ahead with plans to list a real estate investment trust (Reit) on the Singapore Exchange (SGX) mainboard. It announced on July 14 the name of the Reit – Centurion Accommodation Reit – and an initial portfolio of 14 properties that Centurion will divest from its books as the Reit sponsor. The portfolio will comprise five purpose-built worker accommodation assets in Singapore, eight purpose-built student accommodation assets in Britain and one in Australia. A new upmarket student accommodation property will be added to the Reit as its 15th asset once it is ready for occupation, bringing the total portfolio value to $2.1 billion. Centurion Accommodation Reit's listing is still pending approval by SGX and the Monetary Authority of Singapore. Phillip Securities Research's Chong Yik Ban told The Straits Times the Reit would need to offer a target yield of 7.3 per cent to 7.7 per cent to be attractive to prospective investors. This is because Singapore banks pay an average dividend yield of about 6.7 per cent, and investors would demand a higher yield for the additional risk they take to buy a newly listed Reit. Mr Chong noted that newly listed NTT DC Reit, which comprises data centre assets and is backed by Japanese telco giant NTT, has forecast an annualised yield of 7.5 per cent for the nine months from July 1, 2025, to March 31, 2026. This sets a benchmark for Centurion's new Reit, in which it will hold a 35 per cent to 40 per cent stake, to meet or exceed. Mr Chong said the new Reit is potentially capable of achieving similar yields. Based on projections, Centurion aims for the Reit to distribute 100 per cent of its annual distributable income from the listing date until 2027. Lim & Tan Securities' Chan En Jie told ST that investors will most likely look out for attractive returns and stable payouts from each Reit unit when evaluating their options in an environment where interest rates are falling. He noted that the growth in workers' dormitories reflects the robust construction demand expected in Singapore over the next few years. But Mr Chong warned that if tightened, student visa restrictions could hurt demand for student properties in the Reit. Aviation, offshore and marine counters rally Shares of Singapore Airlines gained 2.2 per cent over the week to close at a one-year high of $7.44. The carrier posted its June operating results earlier in the week, reporting a 4.5 per cent year-on-year increase in passenger traffic. The growth outpaced the expansion in passenger capacity, buoyed by the start of the summer travel season and Singapore's mid-year school holidays. Shares of in-flight caterer and ground-handling company Sats as well as SIA Engineering, which provides aircraft maintenance, repair and overhaul, also rose. Sats closed on July 18 at $3.27, up 4.8 per cent through the week, while SIA Engineering closed at $3.34, up 3.1 per cent over the same period. Offshore engineering giant Seatrium, meanwhile, surged 12.8 per cent, closing the week at $2.38. The company has started to deliver the first of six floating production storage and offloading vessels to Brazilian state-owned oil company Petrobras. Other offshore and marine stocks also saw strong gains. Vessel operator Marco Polo Marine surged more than 20 per cent to 5.5 cents a share for the week, its highest in more than five months, with over 160 million shares changing hands on July 18. Mermaid Maritime is also up, rising 9.6 per cent through the week to close at 13 cents. CH Offshore rose 20 per cent to 1.8 cents last week after completing its rights issue. In a July 18 report, Lim & Tan analysts noted that the vessel operator is 'extremely undervalued', making it an 'ideal privatisation candidate'. Other market movers NTT DC Reit ended its first week of trading on a weak note, as investors weighed its costly artificial intelligence ambitions against an uncertain outlook amid ongoing tariff concerns. While the Reit's public offer, the largest on the SGX in a decade, was 9.8 times oversubscribed, its units ended flat at US$1 (S$1.29) on their July 14 debut. They closed the week at 95 US cents, down by almost 6 per cent. In contrast, China Medical System surged 11.2 per cent to close at $2.28 on its July 15 debut, up from an initial offer price of $2.05 for the secondary listing of the Hong Kong-listed pharmaceutical firm. Home-grown fabricator BRC Asia announced after the market close on July 14 that it had secured $570 million worth of contracts for Changi Airport Terminal 5. Its shares surged to $3.71, climbing more than 11 per cent from the start of the week. Semiconductor firm Frencken also posted a strong performance, with its stock peaking at $1.49 during the week before settling at $1.45 on July 18, its highest since announcing plans in June for a larger facility in Kaki Bukit. Shares of PC Partner, seen as a proxy for US-listed Nvidia, rose 13.7 per cent through the week to close on July 18 at $1.33. PC Partner, which is also listed in Hong Kong, distributes electronics that use Nvidia graphics cards. Nvidia shares are trading at an all-time high above US$174 after the company said on July 16 it expects to resume sales of its less-advanced H20 artificial intelligence chips to China after a three-month pause. What to look out for this week Property revitalisation firm Lum Chang Creations is expected to start trading on July 21 on Catalist. A total of one million shares offered to the Singapore public at 25 cents each were 47.3 times oversubscribed. The company raised total gross proceeds of $12.25 million from the offering, resulting in a market capitalisation of $78.75 million. UOB Kay Hian has initiated coverage on the company with a buy call and a target price of 39 cents.
