In this series, we will feature one Singapore-listed company each time as a quick guide to everything you should know about it in 60 seconds.
In this instalment, we have DBS Group Holdings Ltd (SGX: D05). Previously, we featured Ascendas Real Estate Investment Trust (SGX: A17U), an industrial REIT.
What’s DBS Group’s Business About?DBS is another Singapore-listed company that doesn’t need much introduction, just like Singtel (SGX: Z74).
DBS is Singapore’s largest bank and one of the biggest financial services group in Asia, with more than 280 branches across 18 markets.
The bank has four primary business segments, and they are:
Consumer Banking/Wealth Management; Institutional Banking; Treasury Markets; and Others.In 1998, DBS fully acquired POSB, a bank many of us would have fondly grown up with.
DBS Group’s Financial HighlightsDBS has grown its business well over the past five years, as seen from the table below:
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