$DBS GROUP HOLDINGS LTD(D05.SI)$ is the biggest bank in Singapore with SGD 646 billion in total assets and employing more than 30000 employees. DBS is operating in 18 markets and also present in China, South East Asia and India. It has 'AA' and 'Aa1' credit rating, among the best in the world.
DBS has received 25 Global awards, the latest is 'World' s Best Bank' 2021 by Euro money and the 'Safest Bank in Asia' by Global Finance for 12 consecutive years!
First half net profit is up 54% to record SGD3. 71 billion, return on equity at 14.0%. Second quarter net profit is up 37% to SGD1. 70 billion. This is the highest on record.
DBS Digital Exchange bills itself as the world's only bank-backed full service digital bourse offering cryptocurrency trading, asset tokenisation and digital custody services. This was set up in December 2020 as a members only bourse to corporate investors, accredited individuals and investment firms that manage the fortunes of wealthy families.
Best of all DBS pays quarterly dividends. The last dividend paid was 0.33 cents per sharein August and the next one expected in November 2021.
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