DBS Bank Dominates Key Categories
SINGAPORE, Aug. 6 /PRNewswire-Asia/ -- Alpha Southeast Asia today announced the fourth annual Best Financial Institutional Awards 2010 in Singapore. DBS Bank is the winner of Best Cash Management Bank, Best Trade Finance Bank, Best Investment Bank, Best M&A House, Best Equity House and Best Bond House.
In addition, Kim Eng enjoys Best Retail Broker and Best Institutional Broker; OCBC Bank is awarded Best Local Bank and Best SME Bank.
Alpha Southeast Asia attributes DBS Bank's active participation in the RMB Trade Settlement Scheme with China-based enterprises successfully cornering over 1 billion worth of RMB deals to date as one of many compelling reasons for its Best Trade Finance win. Its niche product offerings at the retail level with services such as electronic direct debit authorisations and casino entry levies that can now be settled through over 660 AXS machines scattered all over the city-state, in addition to innovative treasury offerings merited its Best Cash Management Bank win.
DBS also ranked top bookrunner in SGD bonds in 10 out of the last 11 years and impressively lead managed a record number of 41 SGD deals with an issuance volume of S$4.67 billion for its Best Bond House accolade. DBS also won Best Equity House for its landmark listing of CapitaMalls Asia, the largest IPO in Singapore since 1993.
A full write-up of the rationale behind these awards - which refer to the period from 2009 to 2010 - will be published in the July/August issue of Alpha Southeast Asia magazine.
Methodology:
Banks and financial institutions operating in the five countries reflective of Alpha Southeast Asia's chief editorial focus - Indonesia, Malaysia, the Philippines, Singapore and Thailand - were evaluated by the editorial team on 180 key metrics including rankings in independent league tables and industry peer feedback; making it one of the most conclusive banking and finance awards in the region.
Mr. Siddiq Bazarwala, Alpha Southeast Asia, Publisher commented on the awards selection process, "The winners are not necessarily the biggest banks by asset size but rather those banks and financial institutions that have performed well and grown in key classes over the past twelve months. 12 out of 14 of our awards are categorically open to locally incorporated banks and financial institutions with unrivalled commitment to servicing corporate, non-banking financial institutions clients and state-linked agencies."
Notes to Editors
About Alpha Southeast Asia Magazine
Published 11 times a year -- Alpha Southeast Asia is the first and only institutional investment magazine focused on Southeast Asia's banking and capital markets, written for professional investors and local corporates concerned with liquidity management, cash flow maximization and financial supply chain optimization. In short, Alpha Southeast Asia magazine is a powerful platform for companies based in the region interested in stating and making their investment case directly to global investors.
For more information, please visit http://www.alphasoutheastasia.com/ .
