| DBS China |
| DBS made significant inroads with Chinese-owned companies last year both in investment and corporate banking. Our role as lead manager for Li-Ning Co. Ltd’s IPO in Hong Kong illustrates our ability to harness our financial expertise, knowledge and contacts across borders. We raised HK$609 million for China’s highly popular sportswear company founded by its namesake Olympic gymnast and three-time gold medallist. |
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DBS Thai Danu Bank and Thai Military Bank
signed a Memorandum of Understanding
to merge.
DBS and Indonesia’s Bank Mandiri led a
US$215 million syndicated loan to PT Mitra
Global Telekomunikasi Indonesia, the largest
syndicated facility for an Indonesian telcom
company since 1998. |
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POSB and Chowiz launched an e-Savings plan
for schools to encourage children to save. |
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| DBS Malaysia |
| DBS was an aggressive new challenger in the offshore syndicated loans and equities and debt markets in Malaysia last year. Our branch in Labuan and representative office in Kuala Lumpur performed notably well, and among the marquee syndicated loans was a US$250 million term loan secured for YTL Power International Bhd. |
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DBS Thai Danu Bank, Thai Military Bank and
The Industrial Finance Corporation of Thailand
agreed to merge to create the fifth largest
banking group in Thailand by assets.
DBS Hong Kong launched DBS Wealth Account
to tap the emerging affluent population. |
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DBS Shanghai branch was granted a Domestic
Enterprise licence.
DBS and AirAsia launched the AirAsia Credit
Card, offering cardmembers the fastest way to
redeem free flights on AirAsia.
DBS agreed to sell its entire 10% stake in Hong
Kong’s Wing Lung Bank Ltd to Wu Jieh Yee
Company Limited for HK$1.2 billion.
DBS launched a home loan with the lowest first-year
rate and year-long payment holiday; and a
car loan cash rebate that cuts interest by 20%. |
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| DBS Woman's Card |
| In May 2004, DBS Bank, in partnership with MasterCard International, unveiled the DBS Woman’s Card in Singapore. Designed specially for the busy, discerning woman, the new card offers platinum privileges and concierge services at no cost. The success of the Woman’s Card led to a similar launch in Hong Kong seven months later. |
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Wong Ngit Liong, Chairman and CEO of
Venture Group, and Goh Geok Ling, Chairman
of Tuas Power Limited, joined the Group’s board
of directors.
DBS and MasterCard unveiled DBS Woman’s
Card, a new credit card which offers women
platinum privileges with free concierge services. |
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DBS Asia Capital raised HK$609 million for the
IPO of China’s Li-Ning Co. Ltd.
DBS launched the Pan-Asian Bond Index to track
local sovereign and quasi-sovereign bonds from
eight key regional markets.
DBS TD Waterhouse was renamed DBS Vickers
Securities Online after DBS Vickers raised its stake
in the online joint venture.
DBS Hong Kong partnered Standard & Poor’s
(S&P) to provide S&P’s independent and objective
investment fund analysis to retail investors. |
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| DBS Singapore |
| DBS has the biggest distribution network in Singapore with 86 branches, 18 Treasures priority centres, 768 ATMs and 228 self-service machines located across the island. Despite intense competition and sluggish market conditions in the second half, DBS continued to retain the lead for the distribution of wealth management products. |
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DBS opened its Guangzhou branch.
DBS Shenzhen branch was granted a Domestic
Enterprise licence.
DBS Hong Kong issued its first million
credit cards.
Capital OK, a joint venture between DBS and
Shin Corporation from Thailand, made its first
move into Thailand’s consumer finance market
with the launch of “Life’s OK”, an innovative
credit plan for consumers.
DBS Hong Kong kicked off “Cares Hong Kong”,
a company-wide community service programme
to promote a caring culture among staff.
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DBS was sole arranger for a US$500 million
multi-currency debt issuance programme for
Pan Asia Paper. |
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| DBS India |
| India was one of the fastest growing markets for DBS in 2004. Our Mumbai branch received a fresh injection of capital and expanded its capabilities during the year to include institutional banking, trade finance and treasury operations. We were the number two book runner in syndicated loans as ranked by the Thomson Financial League Tables 2004, capturing a 9.7% market share. |
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DBS was chosen by SPRING to manage
Singapore’s first loan securitisation pilot
programme for SMEs.
DBS launched a new Internet banking platform
– iBanking – to serve more online customers at
faster speed.
DBS Bank successfully closed a US$750 million
subordinated note issue which qualified as
Upper Tier 2 capital for the Bank. |
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DBS Hong Kong apologised for the accidental
destruction of 83 safe deposit boxes. |
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| DBS Hong Kong |
| DBS Hong Kong has emerged as one of the leaders in the wealth management business in Hong Kong. Sales of structured deposits, unit trusts and bancassurance products reached another record last year. Fees from sale of bancassurance and unit trust products rose 47% despite uncertainties in the financial markets. |
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DBS was granted a derivatives licence for all
DBS branches in China. |
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DBS was joint lead arranger for the Suntec REIT,
the largest IPO in Singapore in 2004.
DBS opened a Representative Office in
Dongguan, making it the first foreign bank to
establish a presence in the southern city of China.
DBS Hong Kong launched the Woman’s Card at
a glamorous party featuring Hong Kong
celebrity Daniel Wu.
DBS Group and its staff donated $600,000
to victims of tsunami-affected countries. The
Bank also raised $5.6 million from customers
through its Internet banking channel and ATMs. |