DBS launches industry gamechanging working capital advisory programme in Hong Kong | 繁體

First bank in the world to offer comprehensive working capital advisory programme enabling corporates to reduce cost of banking

DBS has developed a set of proprietary benchmarking and diagnostic tools which will provide clients with customised research and insights, allowing them to identify and unlock trapped cash. During DBS’ pilot of the programme, participating companies were typically able to identify a 20-30% increase in the cash flow generated from their operations.

For CFOs across the world, the physical supply and distribution chain has  become more complex in the last decade, and has increasingly consumed more of a company’s working capital. Using the cash conversion cycle to generate an additional source of funding has been a universal approach to increasing the value of a company, but one that is very complex and challenging. Whether a company is a large MNC or a family-owned SME, effective working capital management gives it a very strong competitive advantage.

Said Sohfern Boey, Head of Global Transaction Services, DBS Bank (Hong Kong) Limited, “Through this programme, we aim to share with our clients, insights that will help them to uncover trapped cash flows in their operations, therefore reducing borrowing costs and increasing efficiencies. Our clients have given us very positive feedback for this programme as it aligns with their objectives seamlessly.”

DBS’ transaction banking business has been one of the bank’s strategic priorities since 2010. The GTS business generates nearly SGD 1.5 billion in revenue annually, and has delivered a 27% CAGR over the last four years. With its comprehensive suite of products and services, the business  has  garnered  close  to  150  accolades.  These  include  ‘Best  Asian  International

Transaction Bank, Asia-Pacific’ by The Asian Banker, ‘Best Global Cash Management Bank, Asia-Pacific’ by Asiamoney and ‘Best Cash Management Bank, Singapore’ by Asiamoney, The Asset, The Asian Banker and Asian Banking & Finance.

[End]

About DBS
DBS - Living, Breathing Asia

DBS is a leading financial services group in Asia, with over 250 branches across 17 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for six consecutive years from 2009 to 2014.

DBS provides a full range of services in consumer, SME and corporate banking activities across Asia. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. These market insights and regional connectivity have helped to drive the bank’s growth as it sets out to be the Asian bank of choice. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 21,000 staff, representing over 30 nationalities. For more information, please visit www.dbs.com