DBS Full Form - Development Bank of Singapore


Development Bank of Singapore

  • The full form of DBS is that the Development Bank of Singapore Limited. DBS Bank Ltd, based in Marina Bay, Singapore, may be a Singaporean multinational banking and financial services corporation.
  • Before the current name was introduced on 21 July 2003 to represent its changing status as a leading bank, the organization was identified because the Development Bank of Singapore Limited.
  • The bank was established by the govt of Singapore on 16 July 1968 to hold over from Economic Development Board the activities of commercial financing.
  • Currently, its divisions are often located island-wide, counting more than 100. With a liquid wealth of S$518 billion as of 31 December 2017, DBS is that the biggest bank in Southeast Asia by capital and among the most important Asian bank.
  • The bank has a regional network of more than two fifty subsidiaries and over 1,100 ATM across fifty cities, with activities in seventeen markets.

A brief history of DBS

  • DBS developed by the govt of Singapore on 16 July 1968 to require over the Economic Development Board’s manufacturing capital expenditures.
  • The primary objective of the bank would be to supply loans & financial assistance to the manufacturing sector and to help build and upgrade existing industries in Singapore.
  • In 1960, a United Nations industrial analysis mission was invited by the Singapore government to examine the financial condition in Singapore and to determine an industrialization program for the area.
  • The concept has included the creation, alongside an administrative body, of a development bank to attract foreign investors also as provide funding and management of industrial sites.
  • In July 1968, the bank was established and started operations in September of that year.

Related Searches to DBS Full Form Bank | Full Form of DBS Bank

full form of DBS gunDBS full form in medicalDigital Bank IndiaDBS bank branches in indiaDBS Bank Account openingDBS Bank IFSC codeDBS bank careers

Contact us

Find us at the office

Trailor- Verkamp street no. 63, 81415 Zagreb, Croatia

Give us a ring

Dezha Manci
+38 695 645 231
Mon - Fri, 8:00-22:00

Reach out