DBS Bank Ltd is a global banking and financial services corporation headquartered in Marina Bay, Singapore. Started on 16 July 1968 by the Government of Singapore to take control of the industrial financing activities from the Economic Development Board, [8] the bank’s foremost purpose was to offer loans and financial aid to the manufacturing and processing industries and to assist 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 plan included setting up a development bank, together with 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
DBS Bank Ltd is a multinational banking and financial services corporation headquartered in Marina Bay, Singapore. The corporation was known as The Development Bank of Singapore Limited, before the present name was taken up in July 2003 to demonstrate its transforming function as a regional bank.
The bank was started by the Government of Singapore in July 1968 to take control of the industrial financing activities from the Economic Development Board. Today, its branches numbering over 100 can be found island-wide. 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 31 Dec 2016. It has market-dominant positions in consumer banking, treasury and markets, asset management, securities brokerage, equity and debt fund-raising in Singapore and Hong Kong.
Oversea-Chinese Banking Corporation Limited, abbreviated as OCBC Bank, is a publicly listed financial services organisation with its head workplace in Singapore. The “Oversea-Chinese” usage leads many to think incorrectly that the bank’s name is misspelled, but this is the correct traditional spelling. It is asserted that this is the correct spelling, “oversea” rather than “overseas”, which is the appropriate use of the word in generic English, sounds clumsy and uneasy to native English speakers. The bank’s worldwide network has actually grown to comprise subsidiaries, branches, and representative workplaces in 18 nations and areas. It has retail banking subsidiaries in Malaysia, Indonesia, Hong Kong, and China, and branches in China, Hong Kong, Japan, Australia, the UK and US. OCBC’s Indonesia subsidiary, Bank OCBC NISP, has 630 offices and branches
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 ended up being the largest bank in South East Asia.
United Overseas Bank Limited (typically called UOB) is a Singaporean multinational banking organisation headquartered in Singapore, with branches mainly found in the majority of Southeast Asian countries.UOB provides industrial and corporate banking services, personal financial services, personal banking and other property management services, as well as corporate financing, endeavor insurance coverage, investment, and capital services. It has 68 branches in Singapore and a network of more than 500 workplaces in 19 nations and territories in Asia Pacific, Western Europe and The United States and Canada.