Singapore's DBS has been dethroned by Indonesian lender Bank Central Asia (BCA) as Southeast Asia's largest bank in terms of market capitalisation.

BCA's market capitalisation exceeded US$24 billion this month, while DBS's market cap has dipped below that level.

DBS’s shares have lost 37.8 per cent of their value since August last year, while BCA's stock gained 18.6 per cent over roughly the same period.

At the close of trading on Thursday (Feb 12), DBS's shares closed nearly 1 per cent lower, at Singapore $13.02 apiece. Meanwhile, BCA's shares closed 0.2 per cent lower, at 13,325 rupiah per share.

(Channel News Asia)