Development

Bank of Singapore (DBS)

DBS is a Singapore-based financial services group. Being a leading player in Asia, the
group is present in 18 markets and covers a regional network of over 280 branches. DBS
earned the Global Finance’s “Safest bank in Asia” title from 2009 to 2016 thanks to its
strong capital position and has been named “World’s best digital bank” by Euromoney in
2016.

Services
è Mortgage financing, lease and hire purchase financing, nominee and trustee, funds
management, corporate advisory and brokerage.
DBS Group also acts as the primary dealer in Singapore government securities.

Indian offices
è Headquartered in Mumbai, DBS operates in 12 branches across the country.
DBS recently launched its biggest technology hub outside Singapore headquarters in
Hyderabad, as a support of the digital banking strategy of the firm.

Key facts and figures
• Founded in 1968
• 22,000 employees
• 55,4bn SGD market cap (30/07/2017, Bloomberg)
• Share price at 21,68 SGD, 45,63% 1-year return (30/07/2017, Bloomberg)
• South-east Asia biggest bank by asset
• 5th largest bank in Asia, with $81,2bn of AuM at the end of 2016
• 1st largest bank in South-east Asia in terms of AuM in 2016

Leadership
• Piyush Gupta: CEO of DBS Group
• Surojit Shome: CEO of DBS India

In the news
Singapore’s DBS to boost private banking in London (Financial Times, April 2017)
è DBS is set to quadruple the size of its London wealth management operations,
opened in the aftermath of the Brexit vote. The firm is aiming to seize the opportunity of
the new relationship between rich Asian investors and the UK.

Banking stocks drive Singapore index to highest since 2015 (Financial Times, May 2017)
è The Singaporean banking sector has been buoyed by DBS Group in the march 2017
quarter, with profit rising to S$1,21bn. The performances of UOB and OCBC also
contributed to set Singapore’s Straits Times Index to its highest since mid-2015.

How DBS Bank forays into India (The Economic Times, June 2017)
è DBS is extending its reach to Debt Capital Market (DCM), helping Indian companies
raise money overseas. The objective behind this measure is to be among the top 5
institutional banks in India over the next 12 months.