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In 1984, the current account facility was introduced, and by 1986, deposits crossed the S$10 billion mark. In March 1990, the Post Office Savings Bank was renamed as POSBank. Acquisition by DBS Bank
In June 2023, DBS was fined S$2.6 million by the Monetary Authority of Singapore (MAS) for breaching anti-money laundering and countering the financing of terrorism requirements, in a matter related to the German payments provider Wirecard scandal between July 2015 and February 2020, in relation to the accounts of 11 corporate customers. [52]
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DBS Bank (Hong Kong) Limited (Chinese: 星展銀行（香港）有限公司) is a licensed bank incorporated in Hong Kong and is a subsidiary of DBS Bank headquartered in Singapore. As of 2022, it is the eighth-largest bank in Hong Kong by total assets.
DBS Bank, a Singaporean multinational bank; DBS Radio, the on-air name of the Dominica Broadcasting Corporation; Disclosure and Barring Service, United Kingdom public body; Den Beste Sykkel, a Norwegian bicycle brand and manufacturer; Donga Broadcasting System, a defunct South Korean radio station
Peter Seah Lim Huat (Chinese: 佘林发; pinyin: Shé Línfā; born 1947) is a business executive.He went to the National University of Singapore in 1968, and after graduation, worked as a sales executive.
United Overseas Bank Limited (simplified Chinese: 大华银行有限公司; traditional Chinese: 大華銀行有限公司; pinyin: Dàhuá Yínháng Yǒuxìan Gōngsī; Pe̍h-ōe-jī: Tāi-hôa Gûn-hâng Iú-hān Kong-si), often known as UOB, is a Singaporean regional bank headquartered at Raffles Place, Singapore, with branches mostly found in Southeast Asia countries.
In 2005, DBS Bank acquired a 37.5% stake in Cholamandalam Investment and Finance Company, with the Murugappa Group lowering its stake to 37.5%. The company was subsequently renamed as Cholamandalam DBS Finance. [7] In 2010, DBS Bank sold its entire stake back to Murugappa Group and exited the joint venture. [8]