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DBS Bank Annual Report 1998

Performance at a Glance

Financial Highlights

Letter to Shareholders

Corporate Governance

Operations Review

Financial Report





Operations Review

Individual & Enterprise Banking - Enterprise Banking

Small and medium-sized businesses are the backbone of a strong and healthy economy. DBS has developed a range of banking programmes, services and solutions to meet the needs of this unique and growing customer base. We provide value-added products at competitive prices and the financial expertise to help entrepreneurs build their businesses, realise their wealth and, then, manage it for successive generations.

In 1998 we continued to finance and advise sound, forward-looking companies, based on our industry knowledge and expertise, our local and regional branch network, and the financing schemes offered by the Singapore Government through the Economic Development Board and the Productivity and Standards Board. Through the Resource Productivity Scheme and Local Enterprise Finance Scheme (LEFS), both Government-assisted financing programmes, the Bank together with DBS Finance Group helps entrepreneurs and enterprises meet their growing financing needs. DBS Factors Pte Ltd also increased its involvement in LEFS' Factoring, a convenient way to raise funds in challenging times. Of the 50 Promising Local Enterprise award winners for 1998, 32 were our customers.

To deliver our broad range of services and develop new products for this important customer segment, DBS Finance Group and DBS Factors were consolidated with the Bank's Enterprise Banking division early in 1999. This will provide for even greater links to existing Enterprise Banking customers and ultimately, extend the Enterprise platform to our expanding customer base in the region.

Building a world-class bank
Individual and Enterprise Banking
Institutional Banking, Treasury and Capital Markets
Regional Development
Supporting the Community

Individual Banking
Private Client Group
Enterprise Banking