Established on 16th July 1968 by the Government of Singapore to take over the industrial financing activities from the Economic Development Board, DBS Group Holdings Ltd is a now multinational banking and financial services corporation. DBS acquired POSB Bank on 16th November 1998 and currently have multiple branches all over Singapore. DBS Bank is the largest bank in South East Asia by assets and among the larger banks in Asia, with total assets of S$482 billion as at 31st Dec 2016.

DBS have strong market positioning in consumer banking, treasury and markets, asset management, securities brokerage, equity and debt fund-raising in Singapore and Hong Kong. Its largest and controlling shareholder is Temasek Holdings. DBS received Global Finance’s “Safest Bank in Asia” accolade for six consecutive years, from 2009 to 2015 and was also awarded the Best Digital Bank in the World in the year 2016 by Euromoney. With operations in …