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Listed on the Singapore Exchange, DBS was officially incorporated by the Government of Singapore on 16 July 1968 to take over the industrial financing responsibilities of the Economic Development Board (EDB). With operations in 17 markets, the bank has a regional network spanning more than 300 branches and over 1,250 ATMs across 50 cities overseas.
Post Office Savings Bank (Chinese: 郵政儲蓄銀行; pinyin: Yóuzhèngchǔxù Yínháng), often known as POSB Bank, is a Singaporean bank offering consumer banking services and is the oldest local bank in continuous operation in Singapore and currently operates under the DBS Bank. A POSB branch at Waterway Point, in Punggol.
There are currently three local digital banks with full bank licence in Singapore. Trust Bank was jointly launched by FairPrice Group and Standard Chartered Bank on 1 September 2022. [2] GXS Bank is owned by Grab and Singtel. MariBank is owned by Sea Ltd . Local Digital Full Bank.
Bank name Country Market capitalisation (US$ billion) 1 Bank Central Asia Indonesia: 67.6 2 DBS Bank Singapore: 63.0 3 Bank Rakyat Indonesia Indonesia: 50.1 4 OCBC Bank Singapore: 39.7 5 United Overseas Bank Singapore: 38.0 6 Bank Mandiri Indonesia: 26.9 7 Maybank Malaysia: 24.7 8 Public Bank Berhad Malaysia: 21.2 9 Vietcombank Vietnam: 16.9 10 ...
DBS CEO Piyush Gupta took a 30% pay cut to his variable pay, equal to 4.14 million Singapore dollars ($3.08 million). Other members of the management committee took a 21% pay cut.
NETS EFTPOS is a nationwide infrastructure that enables DBS, HSBC, Maybank, OCBC, POSB, UOB and Standard Chartered Bank customers to make purchases at points-of-sale using their ATM cards. The NETS EFTPOS service is available at more than 130,000 acceptance points throughout Singapore.
United Overseas Bank Limited (simplified Chinese: 大华银行有限公司; traditional Chinese: 大華銀行有限公司; pinyin: Dàhuá Yínháng Yǒuxìan Gōngsī; Pe̍h-ōe-jī: Tāi-hôa Gûn-hâng Iú-hān Kong-si), often known as UOB, is a Singaporean regional bank headquartered at Raffles Place, Singapore, with branches mostly found in Southeast Asia countries.
OCBC was created in 1932 during the Great Depression with the consolidation of three predecessor banks, the Chinese Commercial Bank Limited (incorporated in 1912), the Ho Hong Bank Limited (incorporated in 1917), and the Oversea-Chinese Bank Limited (incorporated in 1919). OCBC has total assets of S$ 560 billion at the end of 2022, [8] making ...