Formerly | The Development Bank of Singapore Limited (1968–2003) |
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Company type | Public |
SGX: D05 | |
Industry | Banking |
Predecessor | Financing division of the Economic Development Board |
Founded | 16 July 1968 |
Headquarters | Marina 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 |
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Products | Financial services |
Services | Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance |
Revenue | S$16.5 billion (2022)[1] |
S$8.19 billion (2022)[1] | |
Total assets | S$743.4 billion (2022)[1] |
Total equity | S$57.07 billion (2022)[1] |
Number of employees | c. 36,000 (2022)[1] |
Subsidiaries |
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Rating | |
Website | dbs |
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).