DBS Singapore (Sg)
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DBS Singapore (Sg) was setup by the Singaporean government in 1968 as a development financing institution. As of 2009, DBS Singapore is the largest bank in South East Asia in terms of assets. The company has leading market positions in treasury and markets, consumer banking, securities brokerage, asset management, equity and debt fund-raising in Hong Kong and Singapore. DBS Singapore (Sg) merged with POSB bank in 1998. The POSB banks, however, are functioning with the same name.[br]
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DBS Singapore (Sg) – International Operations
DBS has branches in most Asian nations, in the UK and the United States. The bank has six branches and five sub-branches across China. DBS is the only Singaporean bank to receive local incorporation in China. It has acquired Bowa Bank of Taiwan in 2008. PT Bank DBS Indonesia is a 99%-owned subsidiary of DBS Singapore (Sg). DBS started it operations in Hong Kong after acquiring Kwong On Bank from Japan-based Fuji Bank.
DBS Singapore (Sg) iBanking Advantages
With DBS Singapore (Sg)’s iBanking, you can have instant access to your DBS and POSB accounts, including POSB savings/current, First Account, POSB SAYE, CPF investment accounts, foreign currency accounts, DBS Credit Card transactions and loan accounts. Making transactions have become easy with the site’s intuitive interfaces. You can access your DBS and POSB accounts anytime, anywhere.
DBS Singapore (Sg) also offers iBanking dollar accounts to businesses. To make the accounts secure and to thwart phishing attacks, the bank offers a Dual Factor Authentication device. Called DBS iB Secure Device, this hardware device generates a random number which is unique to each login ID. The random number is the private key to be used for transactions. For security purposes, DBS Singapore (Sg) has programmed these devices in such a way that they timeout after a minute.[br]
DBS Singapore (Sg) Spot Forex & Gold
DBS Singapore (Sg)’s derivatives accounts called DBS Vickers make it easy for an investor to trade in Singapore’s derivative market, considered one of the largest and the most liquid foreign exchange markets. These accounts help an investor to leverage investments by trading gold and Spot FX with large contract values.
Despite the global economic crisis and the slowdown in the Singapore economy, the bank’s finances continue to be healthy and growing.
