DBS Private Bank Fifth Largest in Assets Under Management in Asia Pacific
According to a report by Private Banker International, DBS Private Bank has notched a spot amongst the top five banks in 2016 with US$79 billion in Assets Under Management. Previously, it was No. 8 in last year rankings and this year it has climbed 3 spots to be No. 5 in rankings.
Singapore private banks has seen growth in their year on year AUM figures with DBS Private Bank seeing an 8.2% increase in AUM.
News Source: Finews Asia
About DBS Bank
DBS Bank Ltd (SGX:D05) is a Singaporean multinational banking and financial services company. The company was known as The Development Bank of Singapore Limited, before the present name was adopted in July 2003 to reflect its changing role as a regional bank. Founded in 1968, DBS acquired POSB (Post Office Savings Bank) in 1998. With over
280 branches across 18 markets in Asia, DBS serves over four million customers in the three key Asian axes of growth, namely, Greater China, Southeast Asia and South Asia.
- Origin : Singapore
- Assets : SGD 458 billion
- Revenue : SGD 10.8 billion
- Employees : 22,000
Official Website: www.dbs.com
News & Media: Press Release
Updated on 8th August 2016