DBS Bank (Hong Kong) Limited (Chinese: 星展銀行（香港）有限公司) is a subsidiary of Singapore-based DBS Bank. It is a licensed bank incorporated in Hong Kong and ranks as the eighth-largest bank in Hong Kong by total assets as of 2022.
| Website | www.dbs.com.hk |
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Historical Overview
- 1999: DBS Bank acquired Kwong On Bank and formed DBS Kwong On Bank Limited.
- 2001: DBS Bank purchased Dao Heng Bank, which included Overseas Trust Bank, from the Guoco Group.
- 2003: DBS Bank merged DBS Kwong On Bank Limited, Dao Heng Bank, and Overseas Trust Bank to establish DBS Bank (Hong Kong) Limited.
- 2010: Sebastian Paredes was appointed CEO of DBS Hong Kong.
- 2014: DBS Bank acquired the Asian private banking business of Société Générale in Singapore and Hong Kong. This expanded DBS’ private banking presence in North Asia.
- 2017: DBS acquired the retail and wealth business of ANZ in Hong Kong, further solidifying its regional presence.
- 2024: The bank opened the new DBS Treasures Centre at 18 Queen’s Road Central, offering a 15,000-square-foot contemporary banking experience.
Subsidiaries
- DBS Asia Capital Limited
- DBS Bank (Hong Kong) Limited – Macau Branch
- DBS Vickers (Hong Kong) Limited
- Hutchison DBS Card Limited
Incident
In 2004, during a branch renovation at Mei Foo Sun Chuen in Kowloon, 83 safety deposit boxes rented by customers were mistakenly removed along with 900 empty ones. These boxes were subsequently crushed at a scrapyard, and only 36 were recovered but heavily damaged. This incident was depicted in the TVB series Born Rich.
DBS Bank (Hong Kong) Limited remains a major financial institution in Hong Kong, with a growing footprint and diverse financial services.
