DBS IS A leader in Asian banking and has the makings of a major global player. A constant spirit of innovation is at the heart of its success. According to the BV judging panel, DBS ticks all the boxes: quality private banking, cash management, corporate citizenship, and support to SMEs. The financials are strong, this is a safe bank, and great steps have been taken towards digital transformation. Net profit in 2019 grew by 14 percent to SGD6.39bn (£3.64bn). The DBS Foundation aids and encourages social enterprises as part of its vision for a better Asia. The judges announce DBS Bank as winner of the 2020 award for Most Innovative Banking Management Team (Singapore).