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DBS Bank Limited is a Singaporean ... and representative offices in Fuzhou which provide a comprehensive range of commercial and corporate banking ... opening its ...
In 2003, DBS Bank merged the three banks, DBS Kwong On Bank Limited, Dao Heng Bank and Overseas Trust Bank, to form DBS Bank (Hong Kong) Limited. [4] In September 2010, Sebastian Paredes was appointed CEO of DBS Bank (Hong Kong) Limited. [5] On March 17, 2014, DBS Bank Ltd (DBS) announced to acquire the Asian private banking business of Societe ...
In 1992, DBS began issuing American depository receipts, bought a 10% stake in Wing Lung Bank for HK$380.7 million (S$81.3 million) and a 3.4% stake in Thai Danu Bank for S$7 million. [52] [53] [54] In 1995, DBS was the first local bank to receive approval to open its first branch in Shanghai, further expanding its international footprint.
Established on 1 January 1877 as the Post Office Savings Bank (Chinese: 郵政儲蓄銀行; pinyin: Yóuzhèngchǔxù Yínháng), [2] POSB currently operates as part of DBS Bank after being acquired on 16 November 1998.
Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
DBS is the first of Singapore’s “Big Three” banks to report its earnings this year. UOB, No. 11 on the Southeast Asia 500, is expected to report on Feb. 19, and OCBC, No. 12, will report on ...
Fortune 1 hour ago DBS is setting aside $23.6 million to reward staff of Southeast Asia’s largest bank for a ‘record performance’ The bank, driven by its wealth management business and an ...
NETS operates Singapore's national debit scheme enabling customers of DBS Bank, POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, CIMB and UOB to make payments using their physical/contactless ATM cards or mobile devices at more than 120,000 acceptance points in Singapore including major retailers, food courts, hawker centres, convenience stores and supermarkets.