DBS Bank Dominates Key Categories
SINGAPORE, Aug. 6 /PRNewswire-Asia-AsiaNet/ -- 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 .
SOURCE Alpha Southeast Asia Magazine