History

Established in 1968, DBS Bank was Singapore's first bank to finance local companies and urban renewal initiatives. In 2003, it changed its name to DBS to better represent its status as a regional bank. Over time, it grew to include overseas divisions in China and Southeast Asia. Assets totaling approximately US$501 billion as of December 31, 2019, the bank has grown to become the largest bank in Southeast Asia and among the largest in Asia. With more than 150 branches nationwide, DBS is well-represented in Singapore. 2014 saw the company acquire Societe Generale's private banking operations in Singapore and Hong Kong, bolstering its wealth management portfolio.

 With branches in ten of the country's largest cities and fifty in Hong Kong, DBS was the first Singaporean bank to be incorporated in China in 2007. Significant regional and domestic expansion has been achieved by DBS under the direction of CEO Piyush Gupta. Thanks to its cultural and digital revolution, it was named the "World's Best Bank" in 2016.