What is the Full Form of DBS

Full Forms

DBS Full Form

The full form of DBS is the Development Bank of Singapore Limited. DBS Bank Ltd is a multinational bank and is the single largest bank in all of Southeast Asia. The bank has a significantly strong capital position along with high credit ratings from S&P (Standard and Poor) and has the honour of being the safest bank in Asia. Apart from its achievements and accolades in the banking and finance space, DBS bank has taken important steps to ensure sustainability and gender equality. This has made DBS one of the first Southeast Asian banks to be recognized under the Dow Jones Sustainability Asia Pacific Index and among the first Singaporean firms to be recognized in the Bloomberg Gender-Equality Index.

Full form of DBS

Quick Facts

  • It was first established by the Government of Singapore to succeed the erstwhile Economic Development Board, in 1968.
  • It acquired POSB Bank (Post Office Savings Bank, established by the Singaporean British Colonial Government in 1877) for $1.6 Billion in November 1998.
  • DBS Bank Ltd. has over 100 branches across the island of Singapore and employs over 24,000 people.
  • Some of the services that DBS Bank Ltd is known for which include retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, and finance and insurance, among others.
  • It is authorised with one of the highest ratings by different credit rating agencies all over the world.

1. Moody’s AA1

2. S&P AA-

3. Fitch AA-

  • Despite being based mostly in Singapore, DBS has a global presence. Branches of the bank can often be found in countries like China, Taiwan, Indonesia, India, and Hong Kong.
  • DBS is the single largest bank in Southeast Asia in terms of Assets Managed. The Bank managed over US$ 333.48 Billion in assets as of 2016, and therefore the number has only grown since.
  • Was a pioneer in introducing mobile banking in Singapore? Both customers of DBS and POSB were able to employ the banking applications in 2010, with over a million users by 2014.

Frequently Asked Questions (FAQs)

Q1. What is the Full Form of DBS?

Ans. It Stand for Development Bank of Singapore.

Q2. Who is the Chairman of the DBS Bank?

Ans. DBS Bank is led by Peter Seah (Chairman) and by Piyush Gupta, who acts as the Chief Executive Officer (CEO) of the banking company.

Q3. Name some important shareholders of DBS Bank?

Ans. Citibank Nominees Singapore Pte Ltd, Maju Holdings Pte Ltd, DBS Nominees Pte Ltd, Temasek Holdings (Private) Ltd, DBSN Services Pte Ltd, HSBC (Singapore) Nominees Pte Ltd are some important shareholders of DBS Bank.

Talk to Our counsellor