DBS Group Holdings Ltd is the holding company of DBS Bank and is one of the largest companies in terms of market capitalisation whose shares are listed on the Singapore Exchange. DBS Group Holdings Ltd and its subsidiaries form one of the largest banking groups in the region in terms of shareholders' funds and total assets as at December 31, 2002, being approximately S$14.4 billion (US$8.3 billion) and approximately S$149.4 billion (US$86.0 billion). With its acquisition of Dao Heng Bank in June 2001, DBS is the fourth largest bank in Hong Kong by assets.
DBS Bank is a full service bank, having diversified since its establishment in 1968 as a development financing institution. DBS Bank has the largest network of branches in Singapore; a banking presence in Thailand, Hong Kong, Indonesia and the Philippines through subsidiaries and associated companies. It also has branches and offices in the United States, United Kingdom, Japan, Hong Kong, India, Malaysia, Myanmar, China, Taiwan, Korea and Thailand.
With the acquisition of the business undertakings of POSBank in 1998, DBS Bank has dominant market shares with access to over 4 million customers. DBS Bank has also established itself as a leader in initial public offerings and regional equity transactions in the Singapore capital market. It is also the top-rated custodian for institutional investors and has built a regional franchise in many Asian markets. A key player in the Singapore money market and a leader in domestic treasury services, DBS Bank is a leader in corporate lending and project finance as well.
DBS Bank provides a full range of financial services aimed at fulfilling the total banking and financial needs of individuals and their businesses. Active in corporate, retail and investment banking, DBS Bank is one of Singapore's main sources of medium and long-term financing, and is actively engaged in providing short-term banking facilities, including trade financing and working capital financing. It also provides investment banking services, portfolio management services and custodian services.
The acquisition of 60 percent of Vickers Ballas in September 2001 gives DBS a leading presence in the stock broking business, not only in Singapore but regionally. In addition, alliances with global financial services companies including the world's largest investment consultants Frank Russell Company, TD Waterhouse, one of the world's leading online and self-directed brokerage companies, and a bancassurance partnership with Aviva, the largest insurer in the U.K. with more than 15 million customers, have further enhanced the Bank's wealth management suite of offerings.
updated 18th February, 2004
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