Latest updates on DBS Acquisition of ANZ's retail and wealth business in 5 markets

DBS ANZ Acquisition

On 31 Oct 2016, DBS Bank Ltd (DBS) announced that it has agreed to acquire the wealth management and retail banking business of ANZ in 5 markets (Taiwan, Singapore, Hong Kong, China and Indonesia).

DBS is a leading financial services group in Asia, with more than 280 branches across 18 markets, including around 36 branches in Taiwan. 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 is at the forefront of leveraging digital technology to shape the future of banking, and has been named “World’s Best Digital Bank” by Euromoney. The bank has also been recognised for its leadership in the region, having been conferred “Asia’s Best Bank” by The Banker and Euromoney, and “Asian Bank of the Year” by IFR Asia. The bank has also been named “Safest Bank in Asia” by Global Finance for eight consecutive years from 2009 to 2016.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. 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.

Q: I am currently an ANZ customer. Why should I move to DBS?

A: In both retail banking and wealth management, DBS is well placed to provide you with quality service and a wide network in the region. When the sale is complete, you will benefit from DBS' extensive consumer and private banking product offerings and services.

As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building a lasting relationship with you, to help you capture opportunities across the region.

Q: How do I find out more about DBS products and services?

A: You can contact us via our Customer Service Hotline: (02) 6612 9889

Q: What should I do if I already have banking relationships with both DBS and ANZ?

A: At present, your relationships with both DBS and ANZ remain unchanged and you can continue banking with ANZ as usual. ANZ will update you with more information closer to the transfer date.

Q: When will DBS complete the acquisition of ANZ’s retail and wealth business in Taiwan?

A:The transfer of ANZ Taiwan’s retail and wealth business to DBS Taiwan has been approved by FSC and will take effect on Dec 9 2017. If there are any changes to the transfer date, DBS Taiwan and ANZ Taiwan will update its website.