DBS introduced nowadays that it’s going to be increasing its regional footprint with the status quo of a consultant place of job in Dhaka, Bangladesh (DBS Dhaka).
This may occasionally convey the financial institution’s global presence to 19 markets globally, reads a press liberate.
Bangladesh has been a very powerful buying and selling spouse to Singapore during the last 20 years.
In 2021, Singapore used to be the third-largest uploading spouse of Bangladesh with imports amounting to about $2.4 billion (SGD3.23 billion) Singapore could also be one among Bangladesh’s most sensible buyers within the energy, power, delivery and logistics, and port sectors.
Within the on the subject of medium time period, Bangladesh can have vital funding necessities in power and infrastructure that shall be delivered to existence thru private-sector partnerships.
DBS foresees that companions from North Asia and India will be the maximum viable and sensible choice.
Whilst DBS has been energetic in Bangladesh – offering industry finance and advisory, along with arranging mandates in challenge investments – the status quo of DBS Dhaka will supply additional impetus to the financial institution’s actions and larger marketplace connectivity for DBS’ shoppers globally.
DBS has appointed Tahsina Banu as the executive consultant of DBS Dhaka, who’s a seasoned banker with greater than twenty years of revel in operating in international banks in Bangladesh and the Heart East.
Banu’s banking revel in spans industry and make stronger purposes together with wholesale banking, industry operations and chance control.
Tan Su Shan, DBS Team head of Institutional Banking stated: “As Singapore celebrates its fiftieth anniversary of organising bilateral relationships with Bangladesh this yr, it’s an opportune time for DBS to speculate on this abruptly rising marketplace to construct at the energy of our institutional and transaction banking franchise. Lately, because of Bangladesh’s strategic location, it has emerged as a strategic gateway and a concern marketplace for our shoppers who’re tapping into intra-regional industry alternatives in South Asia and past. Our consultant place of job is a part of our dedication to make stronger our shoppers of their enlargement plans on this area.”
DBS has been accorded the Most secure Financial institution in Asia award through World Finance for 14 consecutive years from 2009 to 2022.
As well as, DBS used to be additionally not too long ago named International’s Very best Financial institution through US-based monetary e-newsletter World Finance in August, making it the 1/3 time that the financial institution has clinched the mag’s most sensible accolade since 2018.
This could also be the financial institution’s 7th international perfect financial institution win throughout the closing 5 years, reinforcing the financial institution’s place as an trade chief and a forward-looking establishment shaping the way forward for banking.