The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2020 Euromoney is part of the Euromoney Institutional Investor PLC
Asia Private Banking Awards

Best international private bank in Indonesia 2021

DBS Bank

With its large presence in 18 Asian markets and some of the global finance industry’s highest credit ratings, it’s no wonder DBS Bank continues to dominate – and thrive in – Indonesia’s banking market.

The Singaporean giant saw private banking revenues in Indonesia surge 20% year on year in 2020. Assets under management rose 4% last year, even as wave after wave of Covid-19 infections hit the economy.

This might sound ironic as DBS’s myriad “Safest Bank in Asia” awards collide with the economic cacophony that is Indonesia. Of course, investors don’t tend to get wealthy betting against DBS, whose wealth management franchise – representing 20% of banking group income – saw broader AUM grow 7% to about $200 billion.

But the private banking team, overseen by group head Joseph Poon, is making a particular go in Indonesia.

It helps that there’s such a close and robust relationship with Singapore in areas such as education and medical treatments for high net worth clients, says Keng Swee Koh, DBS’s regional head of investment product and advisory. But Indonesia’s scale also means finding opportunities in the country is a no-brainer as the nation progresses toward becoming a global economic powerhouse.

Already,

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree