2. DBS Group Holdings
DBS Bank, the largest in Singapore, is a subsidiary of DBS Group Holdings. With 280 branches across 18 markets, DBS has operations in Singapore, the Greater China region, Southeast Asia, and South Asia.
Recently, financial services magazine, Euromoney, announced that DBS was the world’s ‘best digital bank’, claiming the award ahead of other financial heavyweights such as Citi, BBVA and ING.
DBS has already invested nearly S$5 billion in digital strategies to back up its newfound approach to innovation. It even recently launched an entirely mobile-centric banking service in India called ‘Digibank’, which has no brick-and-mortar branches whatsoever.
Market Capitalization: S$46.2 billion
Total Revenue: S$10.2 billion
Net Profit: S$4.5 billion
Total Assets: S$457.8 billion