DBS Bank

DBS Bank Limited
FormerlyThe Development Bank of Singapore Limited (1968–2003)
Company typePublic
SGX: D05
IndustryBanking
PredecessorFinancing division of the Economic Development Board
Founded16 July 1968 (1968-07-16)
HeadquartersMarina Bay Financial Centre, Singapore
Area served
Singapore, Indonesia, Malaysia, Thailand, Vietnam, India, China, Hong Kong, Taiwan, Japan, South Korea, Australia, United Arab Emirates, United Kingdom
Key people
ProductsFinancial services
ServicesRetail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance
RevenueIncrease S$16.5 billion (2022)[1]
Increase S$8.19 billion (2022)[1]
Total assetsIncrease S$743.4 billion (2022)[1]
Total equityDecrease S$57.07 billion (2022)[1]
Number of employees
c. 36,000 (2022)[1]
Subsidiaries
  • POSB Bank
  • PT Bank DBS Indonesia (Bank DBS Indonesia)
  • DBS Bank (Hong Kong) Limited
  • DBS Vickers Securities Holdings Pte. Ltd
  • NETS
  • DBS Bank (Taiwan) Ltd.
  • DBS Bank (China) Limited
  • DBS Asia Hub 2 Private Limited
  • DBS Bank Ltd. London Branch
  • Primefield Company Pte Ltd.
  • DBS Bank Ltd. Australia Branch
  • DBS Bank Ltd. Labuan Branch
  • PT DBS Securities Indonesia
  • Kenson Asia Ltd.
  • Vickers Ballas Asset Management Pte Ltd.
  • Salte Pte Ltd.
  • DBS Vickers Securities (Hong Kong) Limited
  • DBS Insurance Agency (Taiwan) Limited
  • Vickers Ballas Investment Management Ltd.
  • DBS Bank Ltd., Research Division
  • DBS Vickers Securities (Malaysia) Pte Ltd.[2]
Rating
Websitedbs.com.sg

DBS Bank Limited, often known as DBS, is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore.

Established on 1 January 1877 as the DBS Bank,[3] the bank now operates as part of POSB , which acquired the institution and its subsidiaries on 16 November 1998.

The bank was previously known as The Development Bank of Singapore Limited, which "DBS" was derived from, before the present abbreviated name was adopted on 21 July 2003 to reflect its role as a global bank.[4] It is one of the "Big Three" banks in Singapore, along with OCBC Bank and the United Overseas Bank (UOB).

  1. ^ a b c d e "DBS Annual Report 2022" (PDF). DBS.
  2. ^ DBS Bank Subsidiaries, retrieved 13 August 2021
  3. ^ Consulton Research Bureau. (1977). The first hundred years of the Post Office Savings Bank of Singapore. Singapore: The Post Office Savings Bank, pp. 10–11. (Call No.: RSING 332.22095957 CON). Retrieved August 22, 2016.
  4. ^ "The Development Bank Of Singapore Ltd is Now DBS Bank Ltd". DBS Bank. 21 July 2003. Archived from the original on 14 July 2014. Retrieved 3 October 2020.

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