DBS Group

ABOUT THIS COMPANY:

Development banking

DBS is a titan in the Asian financial world: DBS Group Holdings, Ltd. is the largest commercial banking group in Southeast Asia, with a significant presence in a number of worldwide markets including mainland China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, the Philippines, South Korea, Taiwan, Thailand, Vietnam (where DBS opened a representative office in July 2008), the U.K., the U.S. and the Middle East. As of September 2009, the firm had SG$259 billion in total assets.

DBS Bank is the main operating subsidiary of DBS Group. The bank has consumer banking operations in Singapore, Hong Kong, China, India and Indonesia. In Singapore, the bank serves more than four million customers with about 80 branches, and in Hong Kong, the bank serves one million customers with about 50 branches. Mainland China is relatively new territory for the bank, as subsidiary DBS Bank China opened in May 2007 with headquarters in Shanghai and plans to expand into an integrated branch network (consumer, corporate and enterprise banking, and investment banking services) across the vast country. In Indonesia, where DBS operates about 40 branches, the bank is one of the largest trade finance entities in the country and is in the top five among foreign banks in wealth management.

With the acquisition of Singapore's Post Office Savings Bank in 1998 (now known simply as POSB), DBS has a network of approximately 80 braches and 930 ATMs in Singapore.