DBS gears up China expansion

Bank highlights China market as it plans adding 12 branches here within next 5 years.

Chairman Koh Boon Hwee said on Feb. 3 DBS Group Holdings has substantial investments in China and it intends to expand its presence further.

Koh, at a press conference before the inauguration of DBS's new China headquarters building in Shanghai, said that DBS was only at the beginning of its journey.

DBS has been racing to expand its presence in China and, in a little less than three years, has grown its customer base by over four times, and nearly doubled its staff to almost 1,000. About 400 are in Shanghai, according to a report in Business Times.

DBS chief executive Piyush Gupta said a report showed that DBS ranked 49th out of banks in China. Among foreign banks, it ranked among the top three, in terms of assets. He was referring to the 2009 KPMG Research China Banking Industry in which 130 banks participated.

Follow the link for more news on

Also Read

Krungthai Bank temporarily closes 4 branches due to floods

Bank Negara Malaysia releases policy document on claims settlement practices

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit