In line with its commitment to the community, DBS is subsidizing 7.5 million hawker meals to alleviate the financial burden on its customers. Additionally, the DBS Foundation has awarded SGD 3.7 million in grants to 24 businesses through its Business for Impact program.
On the innovation front, DBS has introduced digiVault, a new feature that allows customers to enhance the security of their funds. Furthermore, the bank is set to deploy an AI-powered virtual assistant to streamline customer service operations.
Beyond its domestic initiatives, DBS has been actively expanding its regional footprint. A recent survey highlighted Hong Kong’s growing prominence as a regional treasury center. The bank has also launched an exclusive three-year fixed-income portfolio managed by BlackRock and collaborated with Deloitte to develop a Sustainability Accelerator Tool for SMEs.
Amidst these developments, DBS shares (ticker: D05) have seen a new correction, currently trading at SGD 36.5. Might be a good chance to add.
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