Global Investor magazine names DBS Bank the number one custodian bank for Singapore while Global Custodian gives top ratings to DBS Bank in Singapore and places DBS Thai Danu Bank among the best for custody services in Thailand. GSCS Benchmarks awards DBS Bank 'star' ratings for excellence in all three categories of settlement performance, safekeeping performance and overall performance.
Retired banker John Ross joins the Group's board of directors. The former Corporate Chief Operating Officer for the Deutsche Bank Group has 30 years of banking experience and has held several senior executive positions including CEO for the Americas, CEO of the Asia-Pacific Region and Group Treasurer.
Peter Ong, Permanent Secretary at Singapore’s Ministry of Transport, is appointed to the Group's board of directors. He is also the Chairman of the Maritime and Port Authority and a Director of TIF Ventures Pte Ltd.
   
Dao Heng Bank launches its Bond Investment Centre on March 10. First of its kind in Hong Kong, the centre signifies DBS' commitment to become an active player in the Hong Kong bond market, and to provide customers with adiversified range of wealth management services and information.

Dao Heng Bank Shenzhen Branch receives licence from the People's Bank of China to offer Renminbi banking services for foreign individuals and corporate customers.
   
Dao Heng Bank unveils the mc² MasterCard with an eye-catching, streamlined, rounded corner design.
   
DBS makes available its Internet Banking service and 59 Internet Kiosks to customers who wish to contribute to The Courage Fund, set up to support healthcare professionals and SARS victims.
DBS launches DBS Mortgage 1-2-3, a flexible mortgage plan that allows customers different repayment terms to ease their cashflow during the economic downturn.
   
DBS organises a virtual roadshow for the $684 million IPO of Singapore Post,the largest in Singapore in 2003. The issue was subscribed by 10 times. The roadshow helped the IPO win the 2003 Deal of the Year award by Institutional Investor magazine.
DBS donates HK$3.9 million to the microbiology departments of The University of Hong Kong and The Chinese University of Hong Kong for research on SARS.
   
DBS wins “Singapore Quality Class”certification for its Processing and Servicing Division. This makes DBS one of the first organisations in Singapore tohave its entire P&S operations certified.
   
DBS Bank and SIA launch the DBS-SIA KrisFlyer Partnership, bringing together two of Singapore's biggest brands to benefit their common customer base.
   
Ng Kee Choe steps down as a director of DBS Group Holdings, following his retirement from DBS after 33 years ofservice. He will continue as senior advisor to the CEO.
DBS is global coordinator, lead underwriter and sole bookrunner for the CheungKong sponsored REIT, the first overseas-company sponsored REIT to be listed on the SGX. The issue raises HK $906 million.
   
DBS Vickers Securities Holdings Pte Ltd raises its stake from 50% to 73% in DBSTD Waterhouse Holdings Pte Ltd .
   
DBS changes its legal name from "The Development Bank of Singapore Ltd" to"DBS Bank Ltd". DBS' Chinese name is now .
   
The legal merger of Dao Heng Bank Ltd, DBS Kwong On Bank Ltd and Overseas Trust Bank, is completed. The combined operations in Hong Kong adopt the new legal name "DBS Bank (Hong Kong) Limited" and the new Chinese name
.
   
DBS becomes the first Singapore bank to be granted approval for a Qualified Foreign Institutional Investors Custodian Licence by China's central bank, the People's Bank of China.
   
Kwa Chong Seng, Chairman and Managing Director of ExxonMobil Asia-Pacific, joins the Group's board of directors.
DBS Group Holdings appoints N R Narayana Murthy, Chairman of Infosys Technologies Ltd, to its board of directors.
   
DBS appoints Jeanette Wong as its chief financial officer, following the retirement of Oon Kum Loon.
DBS is joint bookrunner and joint lead manager for the US$534 million IPO of Astro All Asia Networks. DBS is also sole coordinator for Astro’s US$265 million term loan.
   

DBS and Standard Chartered Bank complete one of the biggest leveraged buyouts in Southeast Asia involving the $220 million sale of the assets of SingTel's Yellow Pages to two private equity firms.
   

DBS Bank Ltd completes the acquisition of the remaining 40.5% stake in DBS Vickers Securities Holdings for $238.4 million.
   
DBS Group Holdings appoints Frank Wong to its board of directors. Wong is Vice Chairman of DBS Bank, Chairman of DBS Bank (Hong Kong), and a member of the DBS Group Holdings' management committee.
DBS and ValuAir sign a Memorandum of Understanding for a co-branded credit card and regional payment solutions for online purchases of tickets on Singapore's first budget airline.
   
DBS Bank and American Express unveil The DBS Black Card, a new credit card targeted at younger professionals who qualify for gold credit cards.
   
DBS Bank and Morgan Stanley announce a $3.8 billion inaugural global bond offering by SP PowerAssets Limited, a wholly-owned electricity transmission and distribution company of Singapore Power Group.
DBS Bank launches a combination fixed and floating rate housing loan plan, the first of its kind in Singapore. The novel Fixed + Floating Plan allows customers to have both fixed and floating rates in the same loan.
   
DBS launches a first-come-first-served tranche for IPOs and selective secondary market offerings managed by DBS Bank.
Shin Corporation Public Company and DBS Bank announce the formation of ajoint venture "Capital OK Company Limited" to offer consumer finance in Thailand. The joint venture will provide a range of unsecured lending products, including personal term loans, revolving credit facilities and credit cards.
   
DBS Bank opens POSB Compass Point Branch, its first new branch after a period of consolidation and relocation that followed the merger of the former POSBank with DBS Bank in 1998. POSB Compass Point is the flagship for a new branch concept that offers a wide range of services and products to meet the changing needs of customers.

01.03
02.03
03.03
04.03
05.03
06.03
07.03
08.03
09.03
10.03
11.03
12.03
Return to Top