DBS to inject RMB 2.3b to China franchise

The bank is increasing its registered capital in DBS China by close to 60%.

DBS Bank said the capital injection is subject to the requisite regulatory approvals and will be the first time that the bank will be infusing additional capital into its wholly owned China subsidiary since RMB 4 billion was injected during local incorporation five years ago.

DBS China also plans to continue investing in network expansion, headcount growth, infrastructure upgrades, consumer and corporate internet banking platform enhancements, and other technology developments.

In January 2012, DBS China opened its first inland China branch in Western China’s biggest city Chongqing.

Join Singapore Business Review community
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!