What is DBS Bank? DBS Bank Review, Features

DBS Bank was established in 1968 and was originally named Development Bank of Singapore. It is the largest commercial bank in Singapore.

About DBS Bank

• DBS Bank was originally a development finance institution established by the Singapore government. Not satisfied with its flagship status at home, it accelerated its overseas expansion in the late 1990s, acquiring commercial banks in Thailand, the Philippines, Indonesia, Hong Kong, China and Taiwan, and was renamed DBS Bank in 2003.
• DBS is the first Singaporean bank and one of the few foreign banks to set up a wholly-owned legal person bank in China. It entered China in 1993 and established a representative office in Beijing. In 1995, DBS established its first branch in China in Shanghai. In 1998, it was one of the first 10 foreign banks to obtain a RMB license.
• DBS has developed a strategic network layout in major commercial and financial regions in China, with branches in Beijing, Guangzhou, Shanghai, Tianjin, Shenzhen, Suzhou, Nanning and Dongguan, and representative offices in Fuzhou and Hangzhou, providing comprehensive commercial and corporate banking services. The branch network in various regions is also expanding steadily.
• DBS Bank (China) Company Limited (DBS China) is a subsidiary of DBS Bank, a leading financial institution in Asia. It officially opened on May 28, 2007 and currently has 12 branches and 21 sub-branches with more than 1,900 employees.
• As an Asian banking expert, DBS helps companies seize opportunities in the rapidly growing Chinese market and the recovering Asian market with its comprehensive commercial and corporate banking services.

DBS Bank Business Advantages

• Born and raised in Asia, DBS Bank has deep roots in the world's fastest growing Asian market, with operations across Northeast Asia, Southeast Asia and South Asia, providing customers with seamless financial services.
• Continuing to deepen its presence in the Greater China market, DBS has taken root in mainland China, Hong Kong and Taiwan, with more than 110 branches and 150 ATMs.
• Formerly known as the Development Bank of Singapore, it has a strong entrepreneurial and innovative spirit, and has proudly kept pace with Singapore to create success together.
• Good credit rating, one of the highest long-term credit ratings in Asia; with a strong government background, close Asian network and connections, and strong product development capabilities in treasury markets and cash and trade.

Loan business

DBS Bank provides a complete set of personal and corporate banking and financial services. It is active in the corporate, retail and investment banking sectors and is a major source of medium- and long-term financing in Singapore. It is actively engaged in short-term bank credit services including trade financing and working capital financing. It also provides investment banking services, portfolio management services and custody services. DBS Bank's credit ratings of 'AA-' and 'Aa1' are among the highest rated banks in the Asia-Pacific region.

DBS China's key businesses

1. Corporate and Institutional Banking

• Focus on serving central enterprises, state-owned enterprises and private enterprises;
• Establish a complete and coherent onshore and offshore operation model with Hong Kong SAR and Singapore to better serve clients with cross-border financing and transaction needs;
• Competitive advantages: high credit rating, one of the highest in Asia; government background; Asian network and connections; strong product development capabilities, especially in treasury markets as well as cash and trade.

2. Wealth Management

• Focus on high-end wealthy clients, especially high net worth individuals;
• Competitive advantages: Providing innovative and suitable products for high net worth individuals; providing tailor-made financial solutions services; providing exclusive privileges for abundant financial management; maintaining close relationships with customers through integrated digital experience; maintaining a close Asian network.