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April 29, 2017

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DBS Bank reaffirms commitment to SMEs with new banking centers

DBS Bank (Taiwan) Wednesday held the inauguration ceremony for two new DBS small to medium enterprise (SME) banking centers. The Banxin and Jixian SME centers located in New Taipei demonstrate DBS Taiwan's commitment to supporting Taiwanese SMEs and fulfilling their needs.

To celebrate the opening of the DBS SME centers, DBS Taiwan is offering overseas business unit (OBU) enterprise customers a 3.5-percent interest rate for three-month renminbi (RMB) time deposits. With the low threshold and high interest rate, this preferential OBU RMB deposit program will satisfy the RMB requirements of enterprise customers.

Jerry Chen, General Manager of DBS Bank (Taiwan), noted that SMEs are an important part of DBS' business strategy. As a bank that specializes in Asia, DBS Bank not only has deep understanding of the region but also knows what its clients need.

"Through professional and comprehensive SME services, DBS helps customers seize the opportunities amid market uncertainties and grows with the customers," he said.

According to the Financial Supervisory Commission, as of October 2012, the bank's total loan balance to SMEs has grown 13 percent from previous year, reaching NT$23.575 billion — the highest of all foreign banks in Taiwan.

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