DBS has received five awards at the Singapore Corporate Awards (SCA) 2025, including the Luminary Award, which recognises companies for excellence in corporate governance, stakeholder value creation, and leadership. The bank also won Gold awards in the Best Managed Board, Best Risk Management, and Best Annual Report categories for large-cap companies. Chng Sok Hui was named Best Chief Financial Officer in the same category.
The SCA is organised by The Business Times, Institute of Singapore Chartered Accountants, and Singapore Institute of Directors. It marks its 20th anniversary this year as an umbrella event to recognise listed companies in Singapore for exemplary corporate governance practices.
According to the SCA, the Luminary Award “commemorates two decades of the SCA and recognises a distinguished listed company that has consistently exemplified excellence in corporate governance, long-term stakeholder value creation and visionary leadership”. The SCA added: “The award recognises DBS’ unwavering commitment to the highest standards of governance, transparency, and corporate stewardship – setting benchmarks in business resilience and sustainable value creation.”
Peter Seah, Chairman of DBS, said: “We are deeply honoured to receive five awards at this year’s Singapore Corporate Awards, including being conferred the prestigious Luminary Award. The recognition affirms our commitment to the highest standards of corporate governance and leadership excellence, which are the bedrock of trust with shareholders, customers, employees and society. We will continue to lead with purpose, and to create long-term sustainable value for all stakeholders.”
DBS operates across 19 markets in Asia and is headquartered in Singapore. The bank holds strong credit ratings (“AA-” from Standard & Poor's and “Aa1” from Moody's), among the highest globally. It offers services spanning consumer banking as well as SME and corporate banking throughout key Asian regions such as Greater China, Southeast Asia, and South Asia.
DBS has been recognised internationally with titles such as “World’s Best Bank” by Global Finance and Euromoney; it was also named “Global Bank of the Year” by The Banker. For 16 consecutive years from 2009 to 2024 it was named “Safest Bank in Asia” by Global Finance (https://www.gfmag.com/magazine/september-2023/safest-banks-asia-2023). DBS has also received accolades for digital innovation from publications like Euromoney (https://www.euromoney.com/article/2b2v5lndy7x8ch8mujr4g/awards/worlds-best-bank-and-digital-bank-awards-2023-the-winners).
Through initiatives such as DBS Foundation, the bank supports underprivileged communities by providing essential needs and promoting financial literacy.