DBS BANK LTD.
Business Overview
TrustScore Analysis
Our preliminary analysis has revealed key insights about DBS BANK LTD.'s performance and market presence. Here‘s a summary of our findings:
Positive highlights
Has been operational for several years
Has accessible contact information online
Negative highlights
- No employer brand presence on career platforms
- No official business profile found on major search engines
Corporate Information
64120
Full banks
Contact Information for DBS BANK LTD.
DBS BANK LTD.'s Business Reviews
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Public Preview of DBS BANK LTD.
This is only a preview of the TrustScore results for DBS BANK LTD., showcasing a few facets of its business that we have analysed.
Institutional Stage
A brand in the institutional-stage brand represents a mature entity that is systemically important, enduring and trusted. These brands are often listed entities, legacy corporations or quasi-government agencies that influence economies, policies, and long-term market trends.
Key Characteristics
- Scale & Systemic Importance: DBS BANK LTD. operates at a national or potentially global level, holding significant influence and creating substantial economic impact in the full banks sector.
- Longevity & Intergenerational Focus: With a legacy spanning 57 years since incorporation on 16 July 1968, DBS BANK LTD. prioritises long-term strategic decisions, balancing profitability with sustainability and permanence.
- Trust as Core Currency: Public and investor confidence sacrosanct and non-negotiable. Operates with high transparency & governance, compliance and sovereign audits. Authority and leadership in policy making and market trends
- Hybrid Public-Private Role: May function as a state-linked or quasi-governmental entity, blending market discipline with public interest mandates and potentially engaging in nation-building projects - infrastructure, R&D, financial stability.
- Low Volatility, High Influence: Reputation forged over a long period and self sustaining, and less dependent on brand campaigns. As a highly influential decision-maker, DBS BANK LTD. shapes industry standards, regulations, and economic trends
Why It Matters
- Institutional brands like DBS BANK LTD. transcend commercial success, becoming pillars of economic and social architecture. Their strength lies in permanence, trust, and systemic value built over 57 years.
- DBS BANK LTD. focuses on governance, legacy building, and multi-stakeholder trust, often becoming synonymous with national progress and stability in the full banks sector.
The company's address is unique, providing a credible and exclusive business location. DBS BANK LTD. has been operational for several years, indicating stability and reliability. Companies with a long history of operations are generally considered more trustworthy.
DBS BANK LTD. has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting DBS BANK LTD.'s long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations.
DBS BANK LTD. has accessible contact information online, which is a positive indicator of its credibility and transparency. The company has no official business profile on major search engines. This absence makes it difficult for potential customers to verify the company's legitimacy or get in touch, potentially raising suspicions about its credibility.
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Associated News for DBS BANK LTD.
MAS suspends DBS from new business ventures, reducing branch and ATM networks over disruptions
For six months, DBS Bank will have to suspend non-essential changes to its IT systems, and will not be allowed to take on new business ventures, said the Monetary Authority of Singapore (MAS) on Wednesday. During this period, only IT system changes related to security, regulatory compliance and risk management will be allowed, said MAS. “This is to ensure that the bank dedicates the needed resources and attention to strengthen its technology risk management systems and controls,” it said. DBS will also not be allowed to reduce the number of its branches and automated teller machines (ATMs).
1 November 2023
MAS Report on Potential Uses of a Purpose-Bound Digital Singapore Dollar
Government Vouchers: At the 2022 Singapore FinTech Festival (SFF 2022), DBS Bank Ltd (DBS) and GovTech’s Open Government Products Division (OGP) will test the use of PBM for disbursements to selected individuals. Trial participants can use RedeemSG [4] vouchers at participating food and beverage outlets [5] , and merchants will directly receive the underlying digital SGD for the vouchers redeemed.
Trafigura closes USD2.4bn-equivalent Syndicated Revolving Credit Facility and Term Loan Facilities
Trafigura mandated DBS Bank Ltd. (“DBS”), Standard Chartered Bank (Singapore) Limited (“SCB”) and Sumitomo Mitsui Banking Corporation Singapore Branch (“SMBC”) as the Mandated Lead Arrangers and Bookrunners. DBS also acted as Global Coordinator of the transaction. In total, twenty-two financial institutions joined the USD tranches of the Facilities during syndication. Agricultural Bank of China Shanghai Huangpu Branch (“ABC”), Bank of Communications Shanghai Putuo Sub-branch (“BoComm”), China Construction Bank Shanghai Pudong Sub-branch (“CCB”) and the Export-Import Bank of China (“China EXIM”) were the Mandated Lead Arrangers and Bookrunners in connection with the CNH syndication of the Facilities. In total, ten financial institutions joined the CNH tranche during syndication.
DBS raises fixed rate home loan offerings to 3.5% after latest revision
S Bank, Singapore’s largest lender, has raised the rates on its fixed rate home loans to 3.5 per cent per annum. A check on its website on Tuesday (Oct 4) morning showed four fixed rate packages available, ranging from two to five years. All four are set at 3.5 per cent per annum. DBS had previously removed all fixed rate mortgages from its website, as it conducted a review following another steep interest rate hike by the US Federal Reserve last month. The same fixed rate of 3.5 per cent also applies to its two-in-one home loans, which allows borrowers to structure up to half of their loan amount in fixed rates and the remainder under a floating rate package.
4 October 2022
DBS announced that it has completed its first live transaction on the Singapore Trade Data Exchange (SGTraDex) – a digital data exchange that facilitates trusted and secure sharing of data between supply chain ecosystem partners. The transaction was done by way of an electronic bunker delivery note (BDN). The maiden transaction was completed with leading bunker player Kenoil Marine Services (Kenoil), in collaboration with mass flow meter data logger service provider Brightree. By digitalising the bunker delivery note, DBS, Kenoil and its counterparties are able to ascertain the trade data at source to validate the transaction details in a timely manner. This fosters greater trust and transparency across the trade ecosystem. The objective is to provide bunker players faster access to working capital and enhance their cash flow management, while providing a trusted and secure environment for banks and participants operating in the ecosystem.
DBS announced that it has completed its first live transaction on the Singapore Trade Data Exchange (SGTraDex) – a digital data exchange that facilitates trusted and secure sharing of data between supply chain ecosystem partners. The transaction was done by way of an electronic bunker delivery note (BDN). The maiden transaction was completed with leading bunker player Kenoil Marine Services (Kenoil), in collaboration with mass flow meter data logger service provider Brightree. By digitalising the bunker delivery note, DBS, Kenoil and its counterparties are able to ascertain the trade data at source to validate the transaction details in a timely manner. This fosters greater trust and transparency across the trade ecosystem. The objective is to provide bunker players faster access to working capital and enhance their cash flow management, while providing a trusted and secure environment for banks and participants operating in the ecosystem.
DBS BANK LTD. has been in operation for 57 years since its incorporation in 16 July 1968 based on ACRA registration date. The business is registered with ACRA (Accounting and Corporate Regulatory Authority) under UEN 196800306E.