Established in 1968 by the Government of Singapore to take over the industrial financing activities of the Economic Development Board, DBS began as The Development Bank of Singapore, focused on national progress. Over time, it evolved into a globally admired financial group known for providing a comprehensive suite of services that include retail banking, SME and corporate banking, wealth management, and investment banking. With over 36,000 employees and a strong presence in India, Indonesia, China and Hong Kong, DBS is redefining Asia’s financial landscape while positively impacting the lives of millions.
INNOVATION WITH INTEGRITY
DBS has long been recognised for its technology-led approach to modern banking. It was among the first institutions to embrace a paperless, branchless model through the launch of DBS digibank, an AI-enabled and secure digital platform. The app simplifies the banking experience by eliminating physical documentation, giving customers complete control through their mobile devices.
The bank leverages predictive analytics to anticipate customer needs while its machine-learning systems ensure fraud prevention and security. Through open banking products and API integrations, DBS enables businesses and start-ups to access efficient financial solutions, besides promoting collaboration and transparency. Its operations rest on the principles of trust, innovation, and accountability. These values, combined with rigorous ethical standards, have earned DBS a global reputation for its transparency and financial management.
MAKING THE WORLD A BETTER PLACE
DBS believes that true banking success lies in contributing positively to society and the environment. Its sustainability framework is built around three pillars: responsible banking, business practice, and social impact. The bank integrates strong ESG (Environmental, Social, and Governance) practices across its operations to generate lasting value.
Through the DBS Foundation, more than 800 social enterprises across Asia receive funding and mentorship to address challenges such as climate change, financial inclusion, and employment creation. DBS supports initiatives ranging from women-led microenterprises in India to climate adaptation projects in Southeast Asia. In 2023, it launched the Live More, Carbon Less campaign to promote sustainable lifestyles among its customers and employees.
Additionally, the bank has mobilised substantial capital through green bonds and sustainability-linked loans, thus reinforcing its pledge to achieve net-zero operational carbon emissions by 2050. By improving Digital efficiency to save paper and energy, DBS has earned recognition from Global Finance and the Dow Jones Sustainability Index for sustainable banking leadership.
GARNERING ACCOLADES
DBS has consistently been acknowledged for excellence, customer trust, and responsible leadership. It was named World’s Best Bank by Euromoney in 2024, 2022, 2021, and 2019, and by Global Finance from 2020 to 2023. The Banker also honoured it as Best Bank in the World in 2018, while Global Finance rated it among the World’s 10 Safest Commercial Banks. These awards reflect DBS’s commitment to innovation, integrity, and sustainability. Over the years, the bank has strengthened its reputation as a trustworthy institution for managing wealth responsibly and supporting a resilient and more inclusive global economy.
