DBS Group Market Research Report

Company Overview

Name: DBS Bank Ltd

Mission: No information is available

Founded: No information is available

Founder: No information is available

Key People:

Piyush Gupta: Current CEO, will be succeeded by Tan Su Shan as CEO in March 2025.

Tan Su Shan: Recently appointed as Deputy CEO, succeeding Piyush Gupta in March 2025.

Han Kwee Juan: Appointed to succeed Tan Su Shan as Group Head of Institutional Banking in January 2025.

Lim Him Chuan: Appointed to become Singapore Country Head.

Shee Tse Koon: Appointed as President Commissioner of PT Bank DBS Indonesia.

Headquarters: Singapore

Number of Employees: No information is available

Revenue: No information is available

Known For: Leading financial services group in Asia, recognized for innovative banking services, digital transformation, and corporate responsibility.

Products

Banking Services

Consumer Banking: Full range of personal banking services such as account management, loans, and credit facilities.

Institutional Banking: Provides comprehensive services for corporations including lending, cash management, and trade finance.

SME Banking: Offers financial solutions tailored to small and medium enterprises.

Wealth Management: Services include investment management, financial planning, and advisory.

Digital Banking

DBS iBanking: Online banking platform for consumer transactions and account management.

DBS IDEAL™: Corporate online banking platform for business transactions.

DBS Vickers Online: Digital trading service for securities.

DBS Digital Exchange (DDEx): Blockchain-based platform for asset tokenization and digital asset trading.

Key Features

LiveBetter: Customized retail solutions to encourage sustainable living.

NAV Planner: AAI-driven digital advisory platform for personal financial planning.

Recent Developments

Financial Performance

Achieved a first-half net profit of SGD 5.76 billion in 2024, with a Q2 net profit increase of 4% to SGD 2.80 billion.

Return on equity (ROE) in Q2 2024 was 18.2%.

Product Innovations

Launched the DBS Digital Exchange and further enhanced the features of DBS NAV Planner with AI-powered functionalities for investment advice.

Introduced DBS Fixed Income Execution Marketplace for digital bond trading.

Strategic Initiatives

Acquisition of Citigroup’s consumer banking business in Taiwan, enhancing regional presence.

Partnerships with initiatives such as the Mandai Wildlife Group for improving financial literacy in community-centric settings.

Leadership Changes

Tan Su Shan appointed as Deputy CEO, succeeding Piyush Gupta as CEO in March 2025.

Senior level appointments announced within the organization to ensure smooth leadership transitions.

Sustainability and CSR

Recognized for corporate responsibility, with initiatives focused on enhancing digital and financial literacy and ensuring food security.

Committed SGD 70 billion in sustainable financing by the end of 2023.

Established the first net-zero building by a bank in Singapore, DBS Newton Green.

Awards and Recognition

Named "World’s Best Bank" by Euromoney and Global Finance.

Continually recognized as Asia’s Safest Bank since 2009.

Honored as World's Best Bank for Corporate Responsibility by Euromoney in 2023.

Partnerships

Stepped into a multi-year collaboration with POSB and others to promote sustainability and financial literacy through strategic community partnerships.

This report outlines DBS Group's commitment to digital innovation, financial stability, and fostering lasting relationships with customers across its key markets in Asia. The ongoing focus on sustainability and empowering communities underscores its foundational strengths and strategic vision for future growth.