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POSBANKPost Office Savings Bank
References in periodicals archive ?
With the formation of Keppel TatLee Bank and the acquisition of POSBank by DBS Bank, NETS's current shareholder banks are DBS Bank, Keppel TatLee Bank, OCBC Bank, Overseas Union Bank, and United Overseas Bank.
On a positive note, DBS Bank has a relatively long lead time to entrench its position, and the POSBank acquisition should reinforce the group as a strong price maker in domestic banking through its sheer size and significant representation in key market segments.
The POSBank franchise rounds out DBS Bank's domestic market position.