DBSSingapore
Created before Nov 2016
Last update: 2019-02-11 16:27:29
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About DBS

Development Bank of Singapore (DBS) is headquartered in Singapore and operates all over Asia. It was established in 1968 and currently has one of the strongest capital positions in the region. It is involved in the following sectors: retail banking, capital markets, foreign exchange and derivatives, money market and securities trading to corporations and financial institutions.

Website http://www.dbs.com/
Headquarters
12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Level 3
018992
Singapore
CEO/chair Piyush Gupta
Chief Executive Officer
Supervisor
Monetary Authority of Singapore (MAS)
Annual reports CSR report 2018
Annual report 2018
Annual integrated report 2017
Ownership
listed on Singapore Stock Exchange (SGX)

DBS' share holder structure can be accessed here.

Related Dodgy Deals

DBS has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Vung Ang II coal power plant Vietnam profile

energy plants - coal
Approached, interested
DBS Bank is among the banks that plan to finance the USD two billion power plant.
source: IJ Global 23/01/2017
link
There are no active projects for DBS now.

Projects - on record profiles

Batang Coal Power Project Indonesia profile

energy plants - coal
Debt – project finance
USD 152.11 million
June 2016
source: JBIC
Debt – corporate loan
USD 18 million
August 2012
source: Greenpeace 2014 - The true cost of coal

Bauxite mine Niyamgiri Hills India profile

mining - non coal
Debt – corporate loan
General corporate finance: Vedanta in April 2007, August 2007 & August 2008, Hindustan Zinc in August 2005, Sterlite Industries in September 2005

Great Barrier Reef Coal & Gas Exports Australia profile

oil and gas | transport and infrastructure
Debt – corporate loan
AUD 376 million
5 May 2013
source: link

Hazelwood coal power plant Australia profile

energy plants - coal
Debt – corporate loan
AUD 38 million
2008
source: link

Mining in Goa/ Sesa Goa India profile

mining - non coal
Debt – corporate loan
USD 25 million
August 2008
Debt – corporate loan
USD 75 million
April 2007

Nghi Son 2 coal power plant Vietnam profile

energy plants - coal
Debt – project finance
13 April 2018
source: JBIC
link

Palm Oil Plantations in the Sambas District Indonesia profile

agriculture - palm oil
Uncategorised

Companies - active profiles

Adani India profile

energy plants - coal | mining - coal | oil and gas
Share issue – underwriter
USD 55.56 million
2016 - 2018
source: Coalexit.org database
link
Debt – corporate loan
USD 62 million
2016 - 2018
source: Coalexit.org database
link

Golden Agri-Resources (GAR) Singapore profile

agriculture - palm oil
Equity – share owner/manager
December 2017
DBS Nominees PTE Ltd, DSBN Services PTE Ltd and DBS Vickers Securities hold together 19.26% of GAR's shares.
source: GAR Annual Report 2017
link

Indofood Indonesia profile

agriculture - palm oil
Debt – corporate loan
USD 140 million
Credit facility
source: Indofood financial statements March 2019
link

Wilmar International Singapore profile

agriculture - palm oil
Debt – corporate loan
USD 33 million
2018
source: Forests and Finance Database
link
Debt – corporate loan
USD 48 million
2017
source: Forests and Finance Database
link
Bond issue – underwriter
USD 29 million
2017
source: Forests and Finance Database
link
Debt – corporate loan
USD 19 million
2017
Revolving credit facility
source: Forests and Finance Database
link
Bond issue – underwriter
EUR 64 million
January 2012
January 2012 bond issuance, one of four participating financial institutions
source: FoE Europe report (November 2015)
link
There are no active companies for DBS now.

Companies - on record profiles

Bumitama Indonesia profile

agriculture - palm oil
Debt – corporate loan
EUR 17.19 million
May 2013
Loan secured through subsidiary Bumitama Gunajaya Agro Group
source: Thomson ONE Banker, Tearsheet 2980397115, consulted on 8 May 2013
Debt – corporate loan
EUR 25.4 million
November 2012
source: Thomson ONE Banker, Tearsheet 2910214115, consulted on12 November 2012
Uncategorised
EUR 66.72 million
April 2012
shares/bonds underwriter or manager
source: Thomson ONE Banker, Tearsheet 2320296009, consulted 3/April/2012
Debt – corporate loan
EUR 28.83 million
October 2010
The loan was fully repaid at the end of December 2012
source: FoE - The financing of Bumitama Agri (2015)

First Resources Singapore profile

agriculture - palm oil
Uncategorised
14 March 2014
shares/bonds underwriter or manager - holds 5.36% of the shares - DBS Nomineese Private and DBS Vickeres Securities
source: Annual Report 2013

Kencana Group Singapore profile

agriculture - palm oil
Principal banker
2013
Principal banker
source: Annual Report 2013
Approached, interested
2013
owns 1.13% of the shares - through DBS nominees (private) limited
source: Annual Report 2013
Approached, interested
2013
owns 1.64% of the shares - through DBX Vickeres securities (Singapore) PTE LTD
source: Annual Report 2013

Marubeni Japan profile

energy plants - coal | forestry - pulp and paper | mining - non coal | transport and infrastructure
Debt – corporate loan
USD 9 million
2014 - 2017
source: BankTrack Coal Developers Report
link

OLAM Singapore profile

agriculture - food crops | agriculture - palm oil | forestry - pulp and paper
Uncategorised
22 September 2014
shares/bonds underwriter or manager - holds 0.03% of the shares - on behalf of DBS Vickers Securities
source: Annual Report 2014

Vedanta Resources United Kingdom profile

mining - non coal
Debt – corporate loan
USD 50 million
June 2009
Debt – corporate loan
USD 25 million
August 2008
Debt – corporate loan
USD 75 million
April 2007
Debt – corporate loan
USD 10.25 
August 2005
Loan provided to subsidiary Hindustan Zinc

Dodgy Deals map

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News

| |
Type:
Year:
blog
external news
our news

DBS gambles on coal, as scrutiny arrives at its AGM

2019-04-25 | Market Forces
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

NGOs urge DBS: Pull out of ‘risky’ Indonesian coal power deal

As financial close approaches for a 2,000 MW coal-fired power station in Java, NGOs say Southeast Asia’s largest bank should pull out of a project that is polluting and financially risky. Meanwhile a new study has found that every two weeks another financial institution drops coal.
2019-02-26 | Eco-Business
blog
external news
our news

Gunvor joins other commodity players with sustainability-linked loan led by ING

Participating banks in the Gunvor facility include ABN Amro, CA Indosuez, Credit Suisse, DBS Bank, KfW Ipex-Bank, Mizuho, MUFG Bank, Nedbank, Rabobank, Raiffeisen, Société Générale, Sumitomo Mitsui Trust Bank and UniCredit.
2018-10-17 | Global Trade Review
blog
external news
our news

Major banks are failing Vietnam by violating Equator Principles commitments in financing coal power projects

2018-10-11 | Market Forces
blog
external news
our news

Singapore banks need to warm up to renewable energy financing

2018-10-09 | The Business Times
blog
external news
our news

Liberian communities harassed after calling on banks to halt $1.5 billion loan to Wilmar over landgrabbing concerns

2018-07-26 | Inclusive Development International
blog
external news
our news

Local NGOs push Singapore banks on coal: Stop using our money to fuel climate change

2018-07-12 | Eco-Business
blog
external news
our news

DBS’ Coal Policy fails to deliver change

2018-02-22 | Market Forces
blog
external news
our news

Global coalition petitions to end fossil power in Vietnam as deadly future looms

2018-02-09 | VnExpress
blog
external news
our news

Open letter calling on DBS, OCBC and UOB to take action on climate change

2018-02-07
blog
external news
our news

DBS is first Asian bank to launch climate policy—but it’s still funding coal

2018-02-02 | Eco-Business
blog
external news
our news

Singapore banks DBS, OCBC and UOB funding coal projects despite climate risks: Study

2018-01-20 | The Strait Times
blog
external news
our news

Singaporean banks blowing smoke on climate

2018-01-10 | Melbourne | Market Forces
blog
external news
our news

Singapore has declared 2018 the year of climate action—so why are its banks still funding coal?

2018-01-10 | Eco-business
blog
external news
our news

New report: Towards responsible and inclusive financing of the palm oil sector

2017-11-15 | Center for International Forestry Research (CIFOR), Profundo
blog
external news
our news

Divesting from fossil fuels will take time: DBS sustainability chief

2017-09-02 | Eco-Business
blog
external news
our news

Divesting from fossil fuels will take time: DBS sustainability chief

2017-09-02 | Eco-Business
blog
external news
our news

DBS drops out of Vinh Tan 3 coal-fired bank syndicate

2017-07-18 | IJGlobal
blog
external news
our news

New report linking Nordic banks and government pension funds to Indonesia’s palm oil deforestation

Nordic investments to Asian banks support rapacious palm oil producers with financing that impedes push for sustainability
2017-05-30 | Oslo, Norway | Fair Finance Guide Norway, Fair Finance Guide Sweden, Rainforest Foundation Norway
blog
external news
our news

BankTrack condemns Japanese and Singapore bank financing of Batang coal project in Indonesia as reckless to people and climate

2016-06-06 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Adani arm to raise  $1.5 bn in overseas debt in 2014

2014-05-08 | India | Live Mint

Documents

| | | | | | | | | | | |
Type:
Year:
annual reports

CSR report 2018

2019-06-24 00:00:00 | DBS
csr policies

Statement on financing new coal-fired power plants

2019-04-24 00:00:00 | DBS
annual reports

Annual report 2018

2019-04-16 00:00:00 | DBS
csr policies

Code of conduct

Date listed represents date as accessed on website
2019-02-11 00:00:00 | DBS
csr policies

Sustainable sourcing principles

Date listed represents date as accessed on website
2019-02-11 00:00:00 | DBS
csr policies

Guidelines on responsible finance

2018-06-01 00:00:00 | Association of Banks in Singapore
annual reports

Annual integrated report 2017

2018-03-31 00:00:00 | DBS
correspondence

Letter from various civil society organisations to DBS, OCBC and UOB on climate change action

Open letter calling on DBS, OCBC and UOB to take action on climate change
2018-02-07 00:00:00 | various civil society organisations
csr policies

Sustainable Commitments on Climate Change

2018-01-26 00:00:00 | DBS
csr policies

Modern slavery act statement 2017

2017-12-31 00:00:00 | DBS
ngo documents

Major international banks continue to finance palm oil company Indofood despite evidence of systemic labor abuses

Forest & Finance Briefing
2017-11-30 00:00:00 | RAN, TuK Indonesia & Profundo
ngo documents

The human cost of conflict palm oil - revisited

How PepsiCo, Banks and the Roundtable on Sustainable Palm Oil perpetuate Indofood's worker exploitation
2017-11-30 00:00:00 | RAN, OPPUK & International Labor Rights Forum
annual reports

Annual report 2016

2017-07-31 00:00:00 | DBS
annual reports

Sustainability Report 2016

2017-07-31 00:00:00 | DBS
ngo documents

Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards

2017-06-13 00:00:00 | RAN, TuK Indonesia & Profundo
csr policies

Approach to Responsible Financing

2017-05-31 00:00:00 | DBS
ngo documents

Nordic investments in banks financing Indonesian palm oil

2017-05-30 00:00:00 | Rainforest Foundation Norway, FFG Sweden and FFG Norway
ngo documents

Dirty Bankers

How HSBC is financing forest destruction for palm oil
2017-01-17 00:00:00 | Greenpeace
ngo documents

Protecting the Leuser Ecosystem

A Shared Responsibility
2016-11-07 00:00:00 | Rainforest Action Network
annual reports

Annual Report 2014

2015-07-02 00:00:00 | DBS Group
annual reports

Annual Report 2013

2015-07-02 00:00:00 | DBS Group
ngo documents

Kuasa Taipan Kelapa sawit di Indonesia

in Bahasa Indonesia
2015-02-16 00:00:00 | TuK, Profundo
ngo documents

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

2015-02-16 00:00:00 | TuK, Profundo
ngo documents

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin

Links

DBS Sustainability webpage

https://www.dbs.com/sustainability/default.page

Policies

Voluntary initiatives

DBS has committed itself to the following voluntary standards:

Investment policies

DBS' web page on corporate social responsibility can be accessed here.

Year:
csr policies

Statement on financing new coal-fired power plants

2019-04-24 00:00:00 | DBS
csr policies

Code of conduct

Date listed represents date as accessed on website
2019-02-11 00:00:00 | DBS
csr policies

Sustainable sourcing principles

Date listed represents date as accessed on website
2019-02-11 00:00:00 | DBS
csr policies

Guidelines on responsible finance

2018-06-01 00:00:00 | Association of Banks in Singapore
csr policies

Sustainable Commitments on Climate Change

2018-01-26 00:00:00 | DBS
csr policies

Modern slavery act statement 2017

2017-12-31 00:00:00 | DBS
csr policies

Approach to Responsible Financing

2017-05-31 00:00:00 | DBS

Good moves

Year: