D05 - DBS Group Holdings Ltd

DBS Group Holdings Ltd1 is an investment holding company that operates through its main subsidiary, DBS Bank Ltd. The Bank is engaged in the provision of retail, small and medium-sized enterprise, corporate, and investment banking services. The Company's financial businesses are organized into the Consumer Banking and Wholesale Banking Business Groups and Central Operations.

Wholesale Banking Business Group is segregated into Enterprise Banking, Corporate and Investment Banking, Global Financial Markets and Central Treasury Unit. In total, the Company has six business segments. In June 2006, it acquired a further 54% interest in AXS InfoComm Pte Ltd. In July 2007, DBS Asset Management Ltd (DBSAM), a wholly owned subsidiary of DBS Bank Ltd. completed the acquisition of 33% stake in China's Changsheng Fund Management Company Ltd.

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SUMMARY

Industry Commercial Banking
Address 6 Shenton Way DBS Building Tower One Singapore 068809 Singapore
Phone 6568788888
Fax 6564451267

TRIVIA

  • DBS is acryonym for 'Development Bank of Singapore'

NEWS

  • October 15, 2008 - DBS venture in India to shut branches, slash jobs2 - Cutback follows fall in personal loan demand due to crisis, slowdown. DBS Group's joint venture in India, Cholamandalam DBS Finance, will close more than a quarter of its branches because of a sharp slowdown in demand.
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