CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has been named the 2022 ‘World’s Best SME Bank’ by Euromoney for the second time?
A
DBS Bank
B
Citibank
C
Bank of America
D
CSB Bank
Explanation: 

Detailed explanation-1: -Answer: Option A Explanation: DBS Bank has been recognized as the ‘World’s Best SME Bank’ by Euromoney for the second time (the first time in 2018).

Detailed explanation-2: -Singapore, Hong Kong, Indonesia, India, China, Taiwan, Regional, 15 Jul 2022 - DBS has been recognised as the ‘World’s Best SME Bank’ yet again, entrenching the bank’s position as a global industry leader in partnering SMEs to grow and expand their businesses across borders and digitally.

Detailed explanation-3: -OCBC. OCBC Bank has been recognized as the Best SME Bank in the Asia-Pacific region by Global Finance, acknowledging the bank’s outstanding support of the SME ecosystem. It has fostered digital and sustainable financing in the region amid an increasingly challenging business environment.

Detailed explanation-4: -Bank of America is the world’s best bank and Goldman Sachs is the world’s best investment bank in Euromoney’s Awards for Excellence 2022. First Abu Dhabi Bank (FAB) is yet again the deserved winner of the award for the Middle East’s best bank for financing. Goldman Sachs had a knockout year in Africa.

There is 1 question to complete.