Latest news with #EuromoneyAwards
Yahoo
11-08-2025
- Business
- Yahoo
DBS's Share Price Hits S$50: What's Next for Singapore's Largest Bank?
DBS Group (SGX: D05) recently saw its share price reach a new all-time high, breaking through the S$50 level for the first time. Singapore's largest bank has achieved several milestones in recent years and also won various accolades. The group received the 'World's Best Bank' award at the Euromoney Awards for Excellence 2025, marking the third time that the bank has won this award. A year ago, the lender became the first Singapore-listed company to achieve S$100 billion in market capitalisation. Back in June, DBS once again made headlines as the first local company to surpass US$100 billion in market value, partly aided by a weak US dollar. And just this week, DBS achieved another first with its share price breaking through the S$50-level, giving it a market capitalisation of more than S$140 billion. What's next for the bank, and can it continue to do well? A robust set of earnings DBS reported a robust set of earnings for the first half of 2025 (1H 2025). Total net interest income rose 3.2% year on year to S$7.3 billion despite the bank's net interest margin dipping from 2.14% to 2.08%. Customer loans grew 2% year on year to S$433 billion, which helped to mitigate this headwind. Net fee and commission income grew strongly by 17% year on year to S$2.4 billion, led by a 30% year-on-year increase in wealth management fees to S$1.37 billion. Loan-related fees also climbed to a new record of S$412 million, up 11% year on year. Total income stood at S$11.6 billion, a record high and up 5% year on year. Profit before allowances also hit a new record of S$7.2 billion, up 5% year on year. Profit before tax achieved a new record of S$6.8 billion, but net profit dipped by 1% year on year to S$5.7 billion because of the implementation of a 15% global minimum tax rate. A dividend powerhouse DBS may have risen around 14% year-to-date, but the lender is not just known for its strong share price performance. The blue-chip bank has also increased its dividends significantly since the onset of the pandemic. During the first quarter of 2023 (1Q 2023), the bank paid out S$0.38 per share in dividends. This quarterly dividend was raised to S$0.44 in 2Q 2023 and then once again to S$0.49 by 4Q 2023. For the first three quarters of 2024, DBS paid out a quarterly dividend of S$0.54 each, in yet another increase. By 4Q 2024, DBS had raised its quarterly dividend to S$0.60 per share, and also announced an additional S$0.15 per share capital return dividend to manage down its excess capital. For its most recent 2Q 2025, the bank paid out a total of S$0.75 per share in dividends, comprising the core dividend of S$0.60 and capital return dividend of S$0.15. In just two years, DBS managed to nearly double its quarterly dividend from S$0.33 to S$0.75. Navigating rough seas Looking ahead, CEO Tan Su Shan maintains a sanguine outlook for the bank. The group's net interest income for 2025 is expected to be slightly higher than 2024 levels despite lower SORA interest rates. The bank believes that strong deposit and loan growth can offset the headwind of lower net interest margin. Meanwhile, non-interest income is expected to continue growing and post a mid-to-high-single-digit year-on-year increase. Net profit is expected to be lower than 2024's level mainly because of the global minimum tax rate of 15%. Banks are inherently cyclical While DBS looks ready to withstand any incoming storm, investors should note that banks are inherently cyclical businesses that are sensitive to macroeconomic conditions. This fact is one of the risks of investing in banks. Should the macroeconomic outlook deteriorate significantly, whether due to persistently high interest rates or Trump's tariffs, DBS will not remain unscathed. That said, the progress that DBS has built over the years should help it to mitigate some of these headwinds. The bank has embraced digitalisation, automation and artificial intelligence to enable it to post a very high return on equity of 17% (for 2Q 2025). These attributes should stand the bank in good stead to weather tough times and allow it to bounce back strongly once the storm clouds have passed. Get Smart: A robust track record DBS has built up a solid growth track record. The bank has also demonstrated its resilience by bouncing back strongly post-pandemic. Along the way, DBS has also steadily increased its dividends, which have added to investors' total returns. Remember, though, that there are risks involved in investing in banks, and that these pertain mainly to the macroeconomic environment. DBS has proven itself time and again, so investors should feel confident that the bank can tackle any future challenges that come along. Disclosure: Royston Yang owns shares of DBS Group. The post DBS's Share Price Hits S$50: What's Next for Singapore's Largest Bank? appeared first on The Smart Investor. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mail & Guardian
25-07-2025
- Business
- Mail & Guardian
Protected: Standard Bank sweeps the board at 2025 Euromoney awards
Last week, Standard Bank Group CE, Sim Tshabalala, had the honour of accepting 26 accolades on behalf of the bank at the prestigious Euromoney Awards for Excellence 2025, including Best Bank in South Africa and Africa. This content is password protected. To view it please enter your password below.
Business Wire
18-07-2025
- Business
- Business Wire
Temenos Named World's Best Core Banking Solution by Euromoney
GRAND-LANCY, Switzerland--(BUSINESS WIRE)--Temenos (SIX: TEMN), a global leader in banking technology, today announced it has been recognized as the World's Best Core Banking Solution in the Euromoney Awards for Excellence 2025. The Euromoney Awards are among the most respected accolades in the financial services industry, renowned for its rigorous evaluation process and editorial independence. The award for Best Core Banking Solution honors technology providers that deliver transformative impact through innovation, performance, and client-centric solutions. Jean-Pierre Brulard, CEO, Temenos, said: 'Being named the World's Best Core Banking System by Euromoney is a powerful endorsement of our mission to modernize financial institutions by building on our most trusted, innovative, industry-leading solutions. Through our proven banking platform and best-of-breed, modular solutions, we give banks the power to evolve confidently, operate reliably, and embrace the future of finance.' Euromoney praised the versatility of the Temenos platform, noting the continued investment in its cloud-native architecture and embedding AI across core banking processes. These strategic advances enable banks to innovate at scale and speed, accelerating time-to-market and enhancing operational agility. Serving over 950 core banking clients worldwide, Temenos offers flexibility to deploy core banking solutions on-premises, in the cloud, or as SaaS. Andrei Charniauski, Chief Research Officer & Head of Awards, Euromoney, said: 'Temenos has demonstrated outstanding innovation and client success, consistently pushing the boundaries of banking technology to help banks succeed in the digital era. Its customer-centric transformation and commitment to delivering superior experiences across every touchpoint were key factors in this year's recognition.' Investing around 20% of revenues annually in R&D, Temenos continues to enhance its capabilities. Recent innovations include the launch of a Gen AI Copilot to help financial institutions design, launch, test and optimize financial products faster, as well as an FCM AI Agent that can help banks significantly reduce false positives in sanctions screening. This recognition from Euromoney adds to the growing list of accolades for Temenos. The company was recently named the best-selling core banking provider for the 20 th consecutive year in the IBS Intelligence Sales League Table 2025 and also received the Best Core Banking System award at the Banking Tech Awards USA 2025. About Temenos Temenos (SIX: TEMN) is a global leader in banking technology. Through our market-leading core banking suite and best-in-class modular solutions, we are modernizing the banking industry. Banks of all sizes utilize our adaptable technology – on-premises, in the cloud, or as SaaS – to deliver next-generation services and AI-enhanced experiences that elevate banking for their customers. Our mission is to create a world where people can live their best financial lives. For more information, please visit
Zawya
30-04-2025
- Business
- Zawya
NBK Wealth receives three prestigious awards from Euromoney Private Banking Awards 2025
In appreciation of its efforts for providing exceptional Private Banking services and enriching customer experience with digital solutions, NBK Wealth, the pioneering wealth management group in the region, received 3 prestigious awards from Euromoney, the international magazine focused on finance and business, as part of its Private Banking Awards for the year 2025. NBK Wealth received 3 awards for Kuwait's Best Private Bank, Kuwait's Best for Ultra-High-Net-Worth clients, and Kuwait's Best for Digital Solutions. Being the largest wealth management group locally and one of the biggest regionally, these awards further reflect the strength of NBK Wealth's prestigious name, which draws its strength from the locally and internationally pioneering NBK Group brand whose record is filled with achievements and global awards for its efforts in the banking sector. The Euromoney Awards come in light of NBK Wealth's solid growth, strategic initiatives, and technological advancements, as it excels in its ability to understand different customer needs and tailor its strategies accordingly, as it has launched many new products, such as private debt strategies, structured deposits, and specialized discretionary portfolio management services, in addition to comprehensive private banking services like wealth management, financial planning, investment management, and advisory services. Moreover, the launch of Generation W, a week-long wealth education program based in Geneva targeting second-generation clients and teaching them about the principles of investment and wealth management and maintenance, evidences the bank's commitment to client education and long-term relationship-building. NBK Wealth has proven its remarkable ability to cater to its ultra-high-net-worth clients and enhanced its wealth management offerings, achieving big growth in its assets under management, successfully diversifying its investment portfolio across the different asset classes, and widening its product range, which helped attract new clients and solidify its leadership in wealth management. It should be noted also that the group formed a strategic partnership with J. P. Morgan Asset Management, which gave the clients a bigger opportunity to benefit from various selected products, and enhanced client-interaction through innovative initiatives including issuing specialized analytical reports as part of 'NBK Wealth Insights', which further strengthens its role as a provider of holistic investment solutions. In line with its strategy to enhance customer experience and operational competency, NBK Wealth adopted digital innovation and technological advancements to present innovative experiences and solutions to its clients. In doing so, it has remarkably simplified operations, leading to more productivity and high-quality services. Moreover, not only does NBK Wealth strive to enhance its clients' wealth, but it is also committed to becoming the first and most trusted wealth management entity, by providing specialized, innovative, and comprehensive solutions that meet its clients' needs and gives an added value and positive impact as well as maintain generational legacy. NBK Wealth is one of the pillars of NBK Group and a pioneer wealth management group in the Middle East, as the value of its assets under management exceeds US$ 41bn Personal Financial Assets as of the end of 2024. It enjoys a wide geographical presence that extends over 9 cities in 5 different countries, in which it provides a comprehensive package of products, including private banking services, financial planning, asset management, and advisory services. NBK Wealth follows a specialized solution-based approach that suits the individual needs of its clients as per their unique goals, whether that of ultra-high-net-worth individuals and institutions. NBK Wealth is a brand registered under the name of National Bank of Kuwait S.A.K.P ('NBK'), for use by the Asset Management business of, among other NBK group entities, Watani Investment Company K.S.C.C. , a leading investment firm and its affiliates worldwide, combined with the Private Banking services of NBK worldwide, which is one of the largest and oldest financial institutions in the region.
Zawya
07-04-2025
- Business
- Zawya
Euromoney recognizes Lighthouse Canton as a leader in wealth management and private banking in Singapore & UAE
Singapore – Lighthouse Canton, a global investment institution has been awarded Best Wealth Manager – Singapore and Best Wealth Manager – United Arab Emirates at the Euromoney Private Banking Awards 2025. This double recognition stands as a testament to the company's differentiated and institutional approach to wealth management, driven by innovation, agility, and deep local expertise across the markets it operates. For over 20 years, the Euromoney Awards has been the preeminent global awards program for the private banking and wealth management industry. The awards recognize the world's leading financial services entities that demonstrate excellence in advice, service, and solutions. 'This recognition from Euromoney is a proud moment for all of us at Lighthouse Canton,' said Shilpi Chowdhary, Group CEO of Lighthouse Canton. 'It reflects the strength of our vision, the trust of our clients, and the dedication of our people. Over the past decade, we have built an institution grounded in purpose and driven by innovation. As we step into our next chapter, we remain focused on scaling with intention—delivering sophisticated, globally integrated solutions that help our clients navigate an increasingly complex investment landscape.' Prashant Tandon, MD and CEO of Lighthouse Canton in the UAE commented, 'We have extended Lighthouse Canton's legacy of innovation and excellence to the Middle East with a clear focus on delivering institutional-level wealth and asset management services. Since our inception, we have unlocked significant potential by combining our global capabilities with deep regional insight. As we look ahead, our commitment remains centered on fostering people excellence, sharpening our investment acumen, and enhancing digital agility.' Established in Singapore in 2014, the global investment institution has grown rapidly, providing wealth and asset management services to a range of ultra-high-net-worth individuals, family offices, corporates, and some of the world's largest institutional investors. In 2018 it expanded its coverage of the Middle East and North African region with a UAE office in Dubai. Following this, the wealth management business enhanced its onshore coverage in South Asia with several offices across India. More recently, it has established a new office in London, providing investment banking services to its private clients. With over 200 highly experienced wealth management and private banking professionals globally, the collective expertise of its team has enabled it to support the complex and dynamic financial needs of multinational families and UHWNIs across key financial centers. Its growth has been underpinned by its strategic focus on three core pillars—digital agility, investment acumen, and people excellence—which continue to shape its institutional strength and drive product innovation. The company pivoted to digitalize its infrastructure and operations against the 2019 Covid backdrop. Embracing the digital future, it developed LC Vantage, its proprietary wealth technology platform. Through various iterations and enhancements, LC Vantage is now a digital-full stack private banking platform that seamlessly integrates all aspects of private banking. From onboarding to execution, the system combines AI and technology, consolidates multi-custodian statements, and provides superior portfolio analytics. Recognizing the need for integrated wealth management and private banking services, the institution enhanced its investment acumen, bolstering its capabilities to expand into a global investment institution over the years. Alongside its wealth management business, the company also has a robust asset management business, which comprises strong internal product capabilities in hedge funds, private equity, traditional fundamental analysis, investing through multiple strategies in real estate private equity, direct lending, public equities, and global macros. Lighthouse Canton's innovative mindset and forward-thinking approach have set it apart from wealth management firms across Asia and the Middle East. The Euromoney recognition adds to a growing list of industry accolades. At the Asian Private Banker Awards for Distinction 2024, it was named Best Independent Wealth Manager – Singapore and received a Highly Commended distinction for Independent Wealth Manager – India. This marked the fourth consecutive year of recognition at the APB Awards, including 'Best Independent Wealth Manager – Asia Pacific' in 2022 and 2023, and earlier wins for 'Wealth Planning Services' and 'Investment Advisory' categories in 2021. The institution was also named Best Family Office – United Arab Emirates and Best Family Office – Middle East at the Global Private Banking Innovation Awards 2024, further affirming its leadership in the region's evolving wealth landscape. Marking its 10th anniversary, Lighthouse Canton sees this recognition as a proud moment in a decade-long journey shaped by bold innovation, and an expanding presence in the global wealth and asset management landscape. About Lighthouse Canton: Headquartered in Singapore, Lighthouse Canton is a global investment institution with wealth and asset management capabilities. We employ over 200 experienced professionals across our offices in Singapore, Dubai, India, and London, and oversee over US$ 4 bn worth of assets under management and advisory (as of 31st December 2024). Lighthouse Canton creates value through innovative investment solutions for accredited private clients, institutional investors, and an ecosystem of founders and entrepreneurs globally. The institution's Asset Management service comprises strong internal product capabilities in hedge funds, private equity, traditional fundamental analysis, investing through multiple strategies in real estate private equity, venture capital, venture debt, direct lending, public equities, and global macros. Its Wealth Management service caters to accredited investors including corporates, ultra-high net worth individuals, families and family offices, founders, and entrepreneurs, to help with their personal and business investments, estates, and philanthropic needs, providing them tailored investment advisory, portfolio management, treasury, business & family office solutions. Lighthouse Canton Pte Ltd is regulated by the Monetary Authority of Singapore ('MAS'). Lighthouse Canton Capital (DIFC) Pte Ltd is regulated by the Dubai Financial Services Authority ('DFSA'). LC Capital India Pte Ltd is regulated by Securities and Exchange Board of India ('SEBI'). Lighthouse Canton UK Limited is regulated by Financial Conduct Authority ('FCA'). For more information visit For further information plea se contact Nigel Sillitoe CEO, Insight DiscoveryEmail: sillitoe@
