DBS Bank

Fintech

DBS launches new online service for SMEs with Xero tie-up

SINGAPORE (Aug 1): DBS has partnered New Zealand cloud accounting platform Xero to launch an API-driven bank feed integration service with the aim of providing the bank’s small medium enterprise (SME) customers a better grasp of their cash flow with

Singapore gets to grips with NSFR rules

SINGAPORE (July 17): Singapore's three biggest banks will be required to prioritise long-term funding from next year to ensure they will be stable in extended periods of market stress.

MSIG and DBS launch Singapore's first instant travel claims

SINGAPORE (July 5): MSIG Insurance and DBS Bank today launched the republic’s first instant electronic payment service for travel insurance claims.

DBS opens financial planning centre offering free advisory services

SINGAPORE (June 30): DBS Bank today launched NAV Hub, a financial planning centre which the bank says is the first to offer free advisory services, with no financial products being sold.

Broker's Calls

Lower liability cost could improve Singapore banks’ net interest margins

SINGAPORE (June 14): Maybank Kim Eng Research says it is optimistic that Singapore banks have some scope ahead to improve their liability management, which could result in higher net interest margins (NIMs).

Pacific Radiance gets $85 mil lifeline from government-backed schemes

SINGAPORE (June 8): Pacific Radiance announced Thursday that it has been granted $85 million in loans under two government-backed financing schemes to help tide over the prolonged offshore and marine (O&M) industry downturn.

Hyflux appoints DBS, China International Capital as financial advisers for Tuaspring plant divestment

SINGAPORE (April 24): Hyflux has appointed DBS Bank and China International Capital Corporation (Singapore) as its financial advisers to evaluate its strategic options relating to the proposed partial divestment of Tuaspring plant.

DBS launches 24/7 foreign currency exchange capabilities; first in Southeast Asia

SINGAPORE (April 18): DBS Bank is introducing round the clock currency exchange in 12 major currencies from 3Q this year.

Broker's Calls

No turnaround in sight for Nam Cheong: DBS

SINGAPORE (March 1): DBS Bank is maintaining Nam Cheong at “fully valued” with 4 cents target price despite the Malaysian shipbuilder reporting smaller 4Q16 losses compared to a year ago.

DBS sells PwC Building for $358 mil

SINGAPORE (Feb 10): DBS Group Holdings’ wholly-owned subsidiary, DBS Bank, has agreed to sell its entire stake in DBS China Square for $358 million in cash.
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