Personal Loans Hougang

Founded on January 1, 1877 as the Post Office Savings Bank (POSB), the bank became part of the Postal Services Department in the Straits Settlements and was set up by the colonial government to provide banking services for lower-income citizens.Following completion of The second world war and the dissolvement of the Straits Settlement, the 1948 Savings Bank Regulation entered into impact and in 1949, POSB was separated from the other post office savings banks in Malaya, with the bank’s properties and liabilities divided in between Singapore and the Federated Malay States. [4] After the separation from 1949 to 1955, overall deposits of the bank increased from M$ 27.4 million to M$ 57.6 million and in 1951, the bank had its 100,000 th depositor.

POSB Bank (or simply known as POSB) is a Singaporean bank offering customer banking services and is the oldest bank in constant operation in Singapore. Established on January 1, 1877 as the Post Office Savings Bank, the bank now runs as part of DBS Bank, which obtained the institution and its subsidiaries on November 16, 1998.

Prior to its acquisition, the bank was a significant public bank offering inexpensive banking services to Singaporeans. DBS Bank tries to continue this tradition by assuring to keep expenses low for basic savings accounts, and to exempt children, full-time trainees listed below the age of 21 years and full-time National Servicemen from bank charges.

DBS Bank Ltd is a global banking and financial services corporation headquartered in Marina Bay, Singapore. Established on 16 July 1968 by the Government of Singapore to manage the industrial financing activities from the Economic Development Board, [8] the bank’s principal purpose was to offer loans and financial aid to the manufacturing and processing industries and to help establish and upgrade existing industries in Singapore. In 1960, the Singapore government invited a United Nations (UN) industrial survey mission to assess the economical situation in Singapore and to come up with an industrialisation programme for the city.The proposal included establishing a development bank, as well as an economic body to attract foreign investments and provide financing and managing the industrial estates. The bank was incorporated in July 1968 and began operations in September of the same year.

Oversea-Chinese Banking Corporation Limited, abbreviated as OCBC Bank, is a publicly noted financial services organisation with its head office in Singapore. Although openly listed, OCBC Bank’s biggest investor is the Lee Group of Companies. OCBC wased established by Lee Kong Chian in 1932, and his boy Lee Seng Wee also worked as chairman. OCBC Bank has possessions of more than 224 billion SGD. Based upon Bloomberg, in 2011 OCBC is the number one of the world’s greatest $100 billion properties banks.

OCBC’s Indonesia subsidiary, Bank OCBC NISP, has 630 workplaces and branches.

In 1932, three banks– Chinese Commercial Bank (1912), Ho Hong Bank (1917), and Oversea-Chinese Bank (1919), merged to form Oversea-Chinese Banking Corporation under the management of Tan Ean Kiam and Lee Kong Chian. In the subsequent decades, the bank expanded its operations and became the biggest bank in South East Asia.

Oversea-Chinese Banking Corporation Limited, abbreviated as OCBC Bank, is an openly noted monetary services organisation with its head workplace in Singapore. Openly noted, OCBC Bank’s largest shareholder is the Lee Group of Business.

OCBC’s Indonesia subsidiary, Bank OCBC NISP, has 630 offices and branches

In 1932, 3 banks– Chinese Commercial Bank (1912), Ho Hong Bank (1917), and Oversea-Chinese Bank (1919), merged to form Oversea-Chinese Banking Corporation under the leadership of Tan Ean Kiam and Lee Kong Chian. In the subsequent years, the bank broadened its operations and became the largest bank in South East Asia.

United Overseas Bank Limited (commonly known as UOB) is a Singaporean international banking organisation headquartered in Singapore on August 6, 1935, entrepreneur Wee Kheng Chiang, together with 6 other buddies, established the bank after raising S$ 1 million. The bank was named United Chinese Bank (UCB) to stress its connect to the Chinese population in Singapore. On October 1935, UCB opened for service in the 3 story Bonham Building. In 1965, the bank was relabelled to United Overseas Bank and opened its first abroad branch in Hong Kong.

United Overseas Bank Limited (frequently referred to as UOB) is a Singaporean multinational banking organisation headquartered in Singapore on August 6, 1935, business person Wee Kheng Chiang, together with 6 other good friends, developed the bank after raising S$ 1 million. The bank was called United Chinese Bank (UCB) to emphasize its links to the Chinese population in Singapore. On October 1935, UCB opened for business in the three story Bonham Structure. In 1965, the bank was renamed to United Overseas Bank and opened its very first overseas branch in Hong Kong.