DBS Group beats fellow financial industry giants

DBS Group Holdings, one of the largest banks in Southeast Asia, has shown that size is no hindrance to delivering returns that are better than that of its peers, several of which are almost as big, or bigger than itself. In addition to being named the overall sector winner, DBS is named the company with the best returns to shareholders as well.

In the three years to June 30, which was the cut-off date used to calculate shareholder returns, DBS scored a CAGR of 0.1%. Even so, it was able to outperform its peers, in a market that was grappling with the volatility triggered by Covid-19.

The bank, with Singapore as its core market, has over the years expanded significantly into 17 other markets such as Hong Kong and Indonesia. Most recently, the bank was “matchmade” by the Reserve Bank of India (RBI) with a local Indian bank. According to the RBI, DBS was chosen to amalgamate with the troubled local lender because of its strong capital strength.

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