dbs

DBS' group head of institutional banking has also become deputy CEO, before succeeding current CEO Piyush Gupta in March 2025; first half net profit climbed 9% to $4.35bn.

Singapore-based Lee, who has been recently promoted to the bank's global head of investment banking, told FA how private credit is becoming an attractive option for Asia's SMEs.

Net profit climbed 26% to $7.67 billion last year, but the CEO and some other members of the management committee took a pay cut after MAS took action against the bank over outages.

The $700 million loan secured by PT SMI signals a growing market for sustainable infrastructure development, as banks seek to support Indonesia’s transition to net zero.

The Singaporean bank has acquired Citi’s Taiwanese consumer franchise following plans announced at the start of 2022.

Recently appointed as Apac CEO of the credit specialist, Andrew Tan shares his priorities for the firm over coming months; explains why certain investors are favouring private credit over private equity; and suggests why India is no longer a hotbed for institutional investors.

The bank recorded over $815 million in trades across its DBS Digital Exchange (DDEx) for FY 2021.

Former ING banker Helge Muenkel spearheads the bank's ESG impact initiatives.

With the first interest rate swap transaction referencing the new Singapore Overnight Rate Average, the island state hopes to stay ahead of regional peers.