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 Headquarters in Marina Bay, Singapore | |
| Formerly | The Development Bank of Singapore Limited (1968–2003) |
|---|---|
| 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] |
| Rating | |
| Website | dbs |
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" local banks in Singapore, along with Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB).
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]
According to Asian Private Banker magazine in 2023, DBS replaced Credit Suisse as the third-largest private bank in Asia, excluding onshore China, with approximately US$201 billion (S$271 billion) assets under management.[4][5]
- ^ a b c d e "DBS Annual Report 2022" (PDF). DBS.
- ^ a b "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.
- ^ "About DBS - DBS 2023 snapshot". www.dbs.com. Retrieved 31 March 2024.
- ^ "Asia 2023 AUM league table". Asian Private Banker. Retrieved 31 January 2024.
- ^ "DBS expands Hong Kong private banking headcount by 25% on better flows". The Straits Times. 29 May 2024.