DBS Bank
DBS Bank, headquartered in Singapore, operates in 19 markets globally with over 280 branches, and has been named Asia’s Safest Bank by Global Finance from 2009 to 2023.
Global Operations of DBS Bank
DBS Bank operates in 19 markets globally, underscoring its robust international presence. The bank's notable regions of influence include Greater China, Southeast Asia, and South Asia. DBS Bank has over 280 branches throughout these operating markets. The bank has recently expanded into new geographies, opening an Australia Branch in Sydney in June 2015, a branch in Dubai at the Dubai International Financial Centre (DIFC) in March 2006, and a representative office in Vietnam in 2008, followed by a branch in Ho Chi Minh City in 2010.
DBS Bank Headquarters and Founding
Headquartered in Singapore, DBS Bank is a prominent player in the banking industry. Over the years, the bank has established a strong presence in numerous global markets, setting up branches from Tokyo to London. Its long-standing operations in various countries, such as the Seoul Branch in Korea since 1981 and the Tokyo Branch in Japan since 1977, highlight its deep-rooted connections in the Asian financial landscape.
Awards and Recognitions of DBS Bank
DBS Bank has received numerous accolades over the years. Global Finance named it Asia's Safest Bank from 2009 to 2023. The bank was also named Best Bank in the World by Global Finance in 2022 and 2020, and World's Best Bank by Euromoney in 2021 and 2019. Additionally, DBS Bank was recognized as Global Bank of the Year by The Banker in 2018. These awards underline the bank's excellence and safety in the banking sector.
Sustainability Initiatives by DBS Bank
DBS Bank is committed to sustainability, achieving net zero operational carbon emissions by the end of 2022. The bank plans to phase out thermal coal exposure completely by 2039 and has a sustainable financing target of SGD 50 billion by 2024. It has also committed an additional SGD 100 million to further improve lives in Asia, showcasing its dedication to corporate social responsibility. DBS Bank's commitment to sustainability extends to having been carbon neutral in its operations since the close of 2022.
Corporate Banking Services at DBS Bank
DBS Bank offers a comprehensive suite of corporate banking services, including financing, cash management, trade finance, treasury & markets, and digital banking capabilities. These services cater to a wide range of corporate clients, providing them with the tools to manage their business finances effectively. The bank's high credit ratings—'AA-' and 'Aa1'—reflect its reliability and trustworthiness in the financial services sector. DBS has been recognized for its data protection practices, receiving the Data Protection Trustmark (DPTM) certification by the Singapore Infocomm Media Development Authority (IMDA).