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The bank is seeing more traction for its crypto assets business, which provides cryptocurrency trading and digital custody for accredited investors. Daily trading value on DBS’ digital exchange has grown tenfold since its launch to reach $30-40 million, with…
Citi is keen to exit its India consumer banking operations soon and would like to sell the entire set-up in one go, sources told India media. Talks with DBS Bank are at an advanced stage and they are keen to take up the entire consumer banking operation,» a…
The board is recommending an interim dividend of 18 cents per share, to which the scrip dividend scheme will be applied. Net profit at DBS grew to S$2.01 billion ($1.52 billion) for the January-March period, up from S$1.01 in the previous quarter and 72…
The trio is developing an open industry platform that aims to reimagine and accelerate value movements for payments, trade, and foreign exchange settlement. Partior aims to disrupt the cross-border payments landscape by using blockchain and smart contracts to…
The bank, which made its first deal on the platform last year, has moved from Contour’s beta network to its production network. DBS will offer streamlined digital letters of credit transactions, including the transfer of electronic trade and title documents,…
The bank will accelerate its expansion in the rapidly growing Greater Bay Area with a stake in Shenzhen Rural Commercial Bank. DBS has entered into an agreement to acquire a 13 percent stake in Shenzhen Rural Commercial Bank in a deal valued at RMB 5.286…
As part of its efforts to support the transition to a low-carbon future, the bank has set a target of 2039 to cut its thermal coal exposure to zero. DBS, Southeast Asia’s largest bank, has announced plans to reach its goal of zero thermal coal exposure by…
DBS is the latest global bank to offload more office space, this time in a Singapore building where it is the anchor tenant. DBS will give up about two and a half floors out of the more than a dozen floors it occupies at Tower 3 of the Marina Bay Financial…
The new tool in its NAV Planner is part of DBS’ plans to get 1 million customers insured and invested by 2023. DBS is rolling out an enhanced version of its «Make-Your-Money-Work-Harder» digital investment advisor to help retail customers make better…
DBS will seek to further its expansion in mainland China with a focus on three areas: its securities joint venture, consumer finance and Greater Bay Area opportunities. DBS chief executive Piyush Gupta unveiled details about its China plan during the latest…
DBS has named a senior civil servant and former top aide to the Singapore Prime Minister to be a non-executive director on its boards. Chng Kai Fong will join the boards of DBS Holdings and DBS Bank, according to a statement, effective March 31 this year. He…
DBS is reportedly the latest to join the wave of global banks and multinationals that are cutting down office occupancy in Hong Kong. DBS will surrender a quarter of the eight floors it occupies in one of its Hoang Kong offices – One Island East Tower –…
In her new role, she will help the bank drive sustainability efforts, create social impact, and democratize banking services with digital innovation. Michelle Yip has joined DBS as executive director, group strategic marketing and communications, as per a…
DBS group chief executive Piyush Gupta’s total pay slid nearly a quarter after the Singapore lender saw profits fall in a similar fashion last year. Piyush Gupta’s compensation totaled S$9.18 million ($6.82 million) in 2020, according to the bank’s annual…
The bank has issued a sustainability-linked loan to Sembcorp Marine, which references the Singapore Overnight Rate Average. The $500 million sustainability-linked financing facility, believed to be the industry’s first, will help steep the maritime giant to…
DBS reshuffles several senior managers and appoints a new country head for Malaysia, effective June 1 this year. The Singaporean lender named Abdul Raof Latiff as the new Malaysia country head, according to a statement, succeeding Jeffrey Ling who will retire…
