DBS Bank
DBS Bank, commonly abbreviated as DBS, is a worldwide banking and financial services company with its headquarters in Singapore's Marina Bay region. The Development Bank of Singapore Ltd., from which "DBS" was formed, was the bank's prior name before its current abbreviated name was adopted on July 21, 2003, to better reflect its status as a worldwide bank. Together with OCBC Bank and United Overseas Bank, it is one of Singapore's "Big Three" banks (UOB).
The bank, which is listed on the Singapore Exchange, was established by the Singaporean government on July 16, 1968, to take over the Economic Development Board's industrial finance operations. There are currently more than 150 of its branches.
DBS Group's market cap was $65.49 billion as of March 2023. DBS Group is now the 221st most valuable company in the world, according to market cap. The most recent financial reports from DBS Group indicate that the company's current revenue (TTM) is $10.54 billion. The company generated $10.58 billion in revenue in 2021, which is a decline from the $10.58 billion in revenue in 2020.
Founded: 16 July 1968
Headquarters: 12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore 018982
Website: dbs.com.sg