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DBS Bank Ltd is a global banking and financial services corporation headquartered in Marina Bay, Singapore. The company was known as The Development Bank of Singapore Limited, before the present name was embraced in July 2003 to demonstrate its improving role as a regional bank.The bank’s strong capital position, as well as “AA-” and “Aa1” credit ratings by Standard & Poor’s and Moody’s that are among the top-notch in the Asia-Pacific region, acquired it Global Finance’s “Safest Bank in Asia” accolade for six increasing years, from 2009 to 2015. The Bank was also presented the Best Digital Bank in the World in the year 2016 by EuroMoney. With operations in 17 markets, the bank has a regional network spanning more than 250 branches and over 1,100 ATMs across 50 cities
Oversea-Chinese Banking Corporation Limited, abbreviated as OCBC Bank, is a publicly noted financial services organisation with its head workplace in Singapore. Openly noted, OCBC Bank’s biggest investor is the Lee Group of Companies.
OCBC’s Indonesia subsidiary, Bank OCBC NISP, has 630 offices and branches
In 1932, 3 banks– Chinese Commercial Bank (1912), Ho Hong Bank (1917), and Oversea-Chinese Bank (1919), combined to form Oversea-Chinese Banking Corporation under the management of Tan Ean Kiam and Lee Kong Chian. In the subsequent decades, the bank expanded its operations and became the biggest bank in South East Asia.
Founded on January 1, 1877 as the Post Office Cost savings Bank (POSB), the bank was part of the Postal Solutions Department in the Straits Settlements and was set up by the colonial government to supply banking services for lower-income citizens.Following the end of World War II and the dissolvement of the Straits Settlement, the 1948 Savings Bank Regulation came into effect and in 1949, POSB was separated from the other post office cost savings banks in Malaya, with the bank’s liabilities and possessions split in between Singapore and the Federated Malay States. After the separation from 1949 to 1955, total deposits of the bank increased from M$ 27.4 million to M$ 57.6 million and in 1951, the bank had its 100,000 th depositor.
POSB Bank (or merely known as POSB) is a Singaporean bank offering customer banking services and is the earliest bank in continuous operation in Singapore. Developed on January 1, 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which acquired the organization and its subsidiaries on November 16, 1998.
Prior to its acquisition, the bank was a significant public bank offering inexpensive banking services to Singaporeans. DBS Bank attempts to continue this tradition by promising to keep costs low for basic savings accounts, and to exempt children, full-time students listed below the age of 21 years and full-time National Servicemen from bank charges.
United Overseas Bank Limited (commonly known as UOB) is a Singaporean multinational banking organisation locateded in Singapore on August 6, 1935, entrepreneur Wee Kheng Chiang, together with six other pals, developed the bank after raising S$ 1 million. The bank was named United Chinese Bank (UCB) to stress its links to the Chinese population in Singapore. On October 1935, UCB opened for business in the 3 story Bonham Building. In 1965, the bank was relabelled to United Overseas Bank and opened its first abroad branch in Hong Kong.