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Topic: DBS Kwong On Bank

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	DBS Bank Resource Center - dbs bank
		DBS Bank is the largest bank in South East Asia by assets and one of the larger banks in Asia.
		The bank plans to open the branch in the July-September 2005 quarter and has plans to recruit about 20 staff members to man the operations.The total headcount for DBS in India will double to over 120 by the end of the year from 62 at present.
		Guangdong Bank -- widely regarded as one of the most financially shaky of the country's commercial dbs bank singapore lenders -- intends to remain a locally controlled player, which confers broader operational leeway than it would enjoy if a foreign firm owned a majority, the executive said.
	www.taxgloss.com /Tax-Banks_Cl_-_G-/DBS_Bank.html (1377 words)

	DBS Group \| Newsroom, News Releases 2002
		DBS Bank, a wholly owned subsidiary of DBSH, currently holds approximately 87.26% of DBS HK while the remaining 12.74% of DBS HK is held by minority shareholders.
		DBS Bank officials said that the buy-out was a strategic and logical move, and one that the market had anticipated for some time given DBS Bank's commitment to integrate systems, premises and personnel among its operations in Hong Kong to realize greater revenue synergies and cost savings.
		DBS Bank officials also reported that the bank is ahead of schedule in harmonizing the different banking operations in Hong Kong.
	dbs.com.sg /newsroom/2002/press020429a.html (706 words)

	HK: DBS's operations become DBS Bank (Hong Kong) Limited - Thailand 4 News and Press Releases (Site not responding. Last check: 2007-10-09)
		DBS' overall banking operations in Hong Kong now form the fourth largest banking group in Hong Kong with total assets of HK$186 billion, a retail network of 65 branches and about 3,600 employees in the Special Administrative Region of China.
		Commenting on the benefits of the merger and re-branding, DBS Bank Hong Kong Chairman, Frank Wong said: "We are very pleased with the speed and smoothness of the integration process, which is one of the keys to the success of the merger.
		DBS Bank was recently appointed lead manager and underwriter of Cheung Kong Holdings' Fortune REIT, the first real estate trust by a Hong Kong issuer expected to be launched in Singapore at the end of July.
	www.thailand4.com /news/2003-07-22/1644_hk-dbs-operations-become-dbs-bank-hong-kong (608 words)

	CNN.com - DBS net falls 15.6 percent in first half - July 22, 2002
		DBS chief executive Jackson Tai, said the group was on course to build a strong pan-Asian financial services franchise, focused on the "twin hubs" of Singapore and Hong Kong.
		DBS said that Dao Heng's revenues for the first half of 2002 fell 9.8 percent to S$414 million compared to the second half of 2001 due to weaker market conditions.
		DBS said the integration of its Hong Kong operations, including Dao Heng and DBS Kwong On Bank, was largely complete.
	edition.cnn.com /2002/BUSINESS/asia/07/22/sing.dbs.biz (516 words)

	DBS Bank - DBS Group, Newsroom, News Releases 2003
		Fully underwritten by DBS Bank and Malaysia-based CIMB/ Bumiputra-Commerce Bank as joint lead arrangers, the facility was targeted at Malaysia-based banks.
		DBS Bank is the largest bank in Singapore as measured by assets, with dominant positions in consumer banking, treasury and markets, securities brokerage, equity and debt fund raising.
		With the merger of its wholly-owned Dao Heng Bank and DBS Kwong On Bank operations in Hong Kong, DBS Bank is now the fourth largest banking group in Hong Kong.
	dbs.com.sg /newsroom/2003/press030806.html (432 words)

	Moody's: DBS Bank (HK) ratings affirmed - Thailand 4 News and Press Releases
		At the same time, DHB assumes its new name of DBS Bank (Hong Kong) Limited and the banking licenses of DKOB and OTB are being returned to the Hong Kong Monetary Authority.
		DBS Bank, Singapore's largest, carries a BFSR of B-, while its senior debt and deposits are rated Aa2, benefiting from the implied support of the Singapore government.
		The bank has been 100% owned by DBS Bank since January 10, 2003, when the latter exercised option to acquire the remaining 28.4% of DHB, completing the acquisition begun in 2001.
	www.thailand4.com /news/2003-09-05/0928_moody-dbs-bank-hk-ratings-affirmed (614 words)

	Singapore's two biggest banks record falls in profits
		DBS Group Holdings, Singapore and Southeast Asia's biggest bank, posted a profit of 187 million Singapore dollars (106 million US) in the three months to June, a 27.5 percent fall year-on-year and 33 percent less than the first quarter.
		The banks gave varying specific reasons for the profit slumps, but the overarching factor was the poor overall state of Singapore's economy, which contracted 4.3 percent on the year in the June quarter.
		DBS said its operations in Hong Kong, where it acquired Dao Heng Bank and Kwong On Bank, was more resilient than in Singapore.
	quickstart.clari.net /qs_se/webnews/wed/bn/Qsingapore-banking-dbs.RD8K_Da1.html (554 words)

	The Telegraph - Calcutta : Business (Site not responding. Last check: 2007-10-09)
		DBS is eyeing India for widening its business, while GTB is keen on a strategic partner to bail it out with a fresh infusion of capital.
		DBS has one branch in Mumbai and its presence is mainly in the corporate and treasury businesses.
		DBS Group Holdings had announced the completion of the legal merger of Dao Heng Bank Limited, DBS Kwong On Bank Limited and Overseas Trust Bank Limited.
	www.telegraphindia.com /1031208/asp/business/story_2655577.asp (520 words)

	DBS Group \| Newsroom, News Releases 2001
		DBS intends to be at the forefront of these changes in Asia and wants to be both a leader and a formidable competitor in our core markets.
		With the acquisitions of POSBank and DBS Thai Danu Bank in 1998, DBS Kwong On Bank in Hong Kong in 1999 and the minority investment in The Bank of the Philippine Islands in 1999 and 2000, DBS has become the leading bank in Singapore and the largest bank in Southeast Asia.
		DBS Kwong On Bank has also significantly expanded its business lines and has issued over 60,000 credit cards in the first half of 2001, with a target of 100,000 by year end without the acquisition of Dao Heng.
	www.dbs.com /newsroom/2001/press010622.html (2429 words)

	DBS Group \| Newsroom, News Releases 2002
		DBS Group Holdings also announced changes in the oversight responsibilities of its Corporate Office members, a reinforced emphasis on its Hong Kong operations, and realignment of its management structure across the region.
		Before his appointment with DBS Bank in March 1999, he was Chief Executive of National Westminster Bank in Hong Kong, and its Regional Managing Director for Asia Pacific between 1994 to 1999.
		DBS Bank is the leading bank in Singapore, with dominant positions in consumer banking, treasury and markets, securities brokerage, Singapore dollar loans, deposits, and equity and debt fund raising.
	www.dbscc.com.sg /newsroom/2002/press020623.html (1198 words)

	CNN.com - DBS shares hit by Dao Heng pain - April 12, 2001
		It bought 87 percent of Kwong On Bank for $487 million in March 1999 and has renamed it DBS Kwong On Bank.
		Analysts say the price falls in DBS stock is a sign that investors are worried about the impact of Dao Heng on its balance sheet for the near-term, and question if it is a wise move.
		Leng says he is concerned DBS was paying about $5.55 billion for a bank which only earned $221.7 million, and derived the bulk of its revenue from interest income.
	archives.cnn.com /2001/BUSINESS/asia/04/12/sing.dbsshareshit (478 words)

	The Bank of New York: 2003 Archive (Site not responding. Last check: 2007-10-09)
		Development Bank of Singapore (DBS Bank) is the largest bank in Singapore as measured by assets, with dominant positions in consumer banking, treasury and markets, securities brokerage, Singapore dollar loans, deposits, and equity and debt fund raising.
		Through its Dao Heng Bank and DBS Kwong On Bank operations, DBS Bank is the fourth largest banking group in Hong Kong.
		DBS Asset Management (DBSAM) is one of the largest and most experienced investment management organizations in Singapore and South East Asia, managing over S$6 billion (approx.
	www.bankofny.com /htmlpages/npr_2003_1386_4339303837453530313144393442333342304546354144443045353441354433.htm (1053 words)

	Sample Contracts - Banking Facilities Agreement - DBS Kwong On Bank Ltd. and Bonso Electronics Ltd. - Competitive ...
		All references in this Letter to `Bank' include any other person with which the Bank merges or consolidates and will be read as if such entity formed by the merger or amalgamation had been a party to this Letter in place of the Bank.
		Section 83 of the Banking Ordinance: Please note that Section 83 of the Banking Ordinance has imposed on the Bank as a bank certain limitations on advances to persons related to the Bank's directors or employees.
		In acknowledging this Letter the Borrower undertakes to advise the Bank whether the Borrower is in any way related to any of the Bank's directors or employees within the meaning of Section 83 and in the absence of such advice the Bank will assume that the Borrower is not so related.
	contracts.onecle.com /bonso/dbs.credit.2002.05.16.shtml (1561 words)

	809.66 at 18:00 Aviva Investor : News
		DBS Hong Kong is the fourth largest bank group in Hong Kong by total assets.
		DBS Group Holdings Ltd is the holding company of DBS Bank and is the largest banking group in Southeast Asia.
		With its acquisition of Dao Heng Bank in June, 2001, DBS is the fourth largest bank in Hong Kong by assets.
	www.aviva.com /avivainvestor/index.asp?PageID=2&year=2002&NewsID=1097&filter= (667 words)

	World Business Briefing \| Asia: Hong Kong: Bank To Close More Branches - New York Times
		DBS Group Holdings, Singapore's biggest bank, plans to shut 12 more branches in Hong Kong as it cuts costs to lift profit in a city struggling to avoid recession.
		DBS, which owns the Dao Heng Bank Group and DBS Kwong On Bank, already cut its network by a fifth last year but does not plan to cut jobs, a spokeswoman said.
		The DBS Group, which recently acquired the two Hong Kong banks, has not set a time frame for the closings, which result from overlap between the two acquisitions.
	query.nytimes.com /gst/fullpage.html?res=9A06E5DD153FF933A15755C0A9649C8B63 (131 words)

	Hong Kong's DBS Kwong On Bank To Move Into Online Banking, Mary Swire, Tax-news.com, Hong Kong (Site not responding. Last check: 2007-10-09)
		Hong Kong's DBS Kwong On Bank, which is owned by Singapore-based DBS Bank, has announced that it will launch online banking services in Hong Kong in the autumn.
		Online banking is growing apace in Hong Kong, so DBS Kwong faces a raft of competition, which is expected to intensify once interest rates are deregulated in July 2001.
		DBS is making adjustments to its fee structure in order to compete, although the bank is playing its cards close to its chest and not revealing exactly how its fees will change.
	www.offshore-e-com.com /asp/story/story.asp?storyname=2346 (341 words)

	[No title]
		DBS shall renounce (or procure that there is renounced) in favour of each person whose New Shares are acquired by DBS upon exercise of any Option the dividend payable by the Offeror in respect of the six months ended on the date on which the Option is exercised.
		DBS Group Holdings Limited, the parent of DBS, also controls DBS Kwong On Bank Limited (DBS Kwong On Bank), a licensed bank in Hong Kong.
		Any future transactions between Dao Heng Group and the DBS Kwong On Bank and their respective subsidiaries will be carried out on arm's length basis.
	www.asiawind.com /pub/hksr/news/010412/14-40 (419 words)

	CITIC Ka Wah Bank
		The Bank launched its inaugural HK$800 million floating rate certificate of deposit (FRCD) issue under this CD issuance facility in November last year, which was greeted by a positive market response.
		To achieve this, the Bank is constantly developing and delivering a diverse range of leading-edge banking products and services that meet the different money management and investment needs of its customers.
		At 31 December 2000, the capital adequacy ratio, the loan to deposit ratio and the average liquidity ratio were at 17.1%, 67.4% and 42.1% respectively.
	www.citickawahbank.com /eng/profile/press/p010319.htm (591 words)

	About Us - Press Room (Site not responding. Last check: 2007-10-09)
		HONG KONG, 3 AUGUST - DBS Kwong On Bank Limited (DKOB) is pleased to announce its half-year financials ended 30 June 2001.
		The key financial information of DKOB are included in the DBS Group Holdings Limited's consolidated accounts for the first half of 2001.
		Copies of DKOB's financial disclosure statement will be available for the public at all of its branches.
	hk.dbs.com /aboutus/p010803_k.htm (122 words)

	Asian Banks
		Hong Kong-based bank which is divided into retail banking and commercial banking (www.cbd.dahsing.com).
		DKB provides comprehensive financial advisory, capital funding, foreign exchange and securities trading services, as well as investment management and other financial services.
		With the collective strengths of DBS Bank (HK Branch), DBS Securities, DBS Asia Capital, DBS Kwong On Bank, DBS Kwong On Insurance and DBS Kwong On Finance, the DBS Group is now a better business partner to customers in Hong Kong and the region.
	www.financewise.com /public/edit/asia/links/as-bankcd.htm (1011 words)

	List of banks in Hong Kong - China-related Topics LI-LL - China-Related Topics
		At the end of September 2004, there were 133 licensed banks, 42 restricted licence banks and 36 deposit-taking companies in business, giving a total of 211 authorised institutions, with 1295 local branches.
		Licensed banks may operate current and savings accounts, and accept deposits of any size and maturity from the public and pay or collect cheques drawn by or paid in by customers.
		Rothschild Bank AG Schroder BankSchroder and Co Bank AG, also Known As: Schroder and Co Banque SA, Schroder and Co Banca SA, Schroder and Co Bank Ltd, Schroder and Co Banco SA Shanghai Pudong Development Bank Co. Ltd.
	www.famouschinese.com /virtual/List_of_banks_in_Hong_Kong (766 words)

	DBS Bank - DBS Group, Newsroom, News Releases 2003
		DBS' operations in Hong Kong legally merged to become DBS Bank (Hong Kong) Limited
		HONG KONG, JULY 21, 2003 - DBS Group Holdings Ltd announced today the completion of the legal merger of Dao Heng Bank Limited, DBS Kwong On Bank Limited and Overseas Trust Bank, Limited.
		For more information on DBS Bank Hong Kong, please visit our website www.dbs.com/hk or call DBS' dedicated hotline on 852-2961 2312 or 852-3199 8000 for more updated information on the merger.
	dbs.com.sg /newsroom/2003/press030721a.html (765 words)

	[No title]
		Banks can pay more focus on delivering a better mortgage product, not individually going after each loan," he said at a launch event in Hong Kong.
		The group mortgage auction is an extension of the reverse auction, in which seven banks bid for their business.
		The participating banks are: Bank of America, GE Capital, AIG Finance, First Pacific Bank, Dah Sing Bank, OCBC, DBS Kwong On.
	asia.internet.com /news/print.php/678921 (255 words)

	Singapore's DBS in deal to acquire H.K. bank Dao Heng Asian Economic News - Find Articles (Site not responding. Last check: 2007-10-09)
		A DBS spokesman clarified later than Dhanabalan, in his comments, was referring to DBS spending S$7.6 billion to S$7.7 billion to acquire 80% of the holding owned by Guoco Group, not 80% of all Dao Heng shares.
		DBS already owns DBS Kwong On Bank in Hong Kong, and the combination of DBS Kwong On and Dao Heng will make the two the fourth largest bank in Hong Kong by assets after Hong Kong and Shanghai Bank, the Bank of China and Standard Chartered Bank.
		DBS already has subsidiaries in Hong Kong, the Philippines, Indonesia and Thailand.
	www.findarticles.com /p/articles/mi_m0WDP/is_2001_April_16/ai_73374583 (517 words)

	Kwong On Bank Resource Center - Kwong On Bank
		DBS Kwong On Bank was a bank based Kwong On Bank in Hong Kong.
		Before the acquisition by DBS, the bank was named Kwong On Bank, and was a subsidiary of Japan-based Fuji Bank.
		This bank, insurance, or financial corporation article is a stub.
	www.taxgloss.com /Tax-Banks_H_-_K-/Kwong_On_Bank.html (81 words)

	Dbs - Offshore Banking
		HSBC Plc is planning to increase its offshore headcount to Dbs Bank Uk Address.
		in have a licensed offshore bank in Malaysia called the DBS Labuan Branch that planning to increase its offshore headcount to Dbs Bank Uk Address.
		Bank Of Bermuda Guernsey Dbs Bank.com.sg Bahamas Panama Offshore a HSBC Plc up up offshore banking services with DBS Bank in Singapore, www.escapeartist.com.
	www.offshore-resources.com /banks/11854.htm (288 words)

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