DBS Bank
Singaporean multinational banking and financial services company / From Wikipedia, the free encyclopedia
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The Development Bank of Singapore, often known as DBS Bank Limited, is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. 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.[2] It is one of the "Big Three" banks in Singapore, along with OCBC Bank and the United Overseas Bank (UOB).
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; 55 years ago (1968-07-16) |
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 | Chairman: Peter Seah CEO: Piyush Gupta |
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] |
Rating | |
Website | dbs |
DBS is the largest bank in Southeast Asia by assets and among the largest banks in Asia, with assets totaling S$739 billion as of 31 December 2023.[update][3] It also holds market-dominant positions in consumer banking, treasury and markets, securities brokerage, equity and debt fund-raising in other regions aside from Singapore, including in China, Hong Kong, Taiwan and Indonesia.[2]