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Ref No: 1/2005
DBS and POSB customers donate over $5.5 million to Red Cross Tsumani
Fund
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Collection of donations from public ends today
SINGAPORE, January 25, 2005 - DBS Bank today thanks its customers
and those of POSB for donating generously to the Singapore Red Cross'
Tidal Waves Asia Fund.
More than 36,000 DBS and POSB customers donated $5.5 million to
the Fund via DBS/POSB ATMs and DBS Internet Banking. DBS said that
donations from the public crossed the $5 million dollar mark within
10 days.
DBS also announced that with effect from today, it will stop collecting
donations from the public via its banking channels. This was in
response to the Singapore Red Cross' announcement last week that
it has raised sufficient funds for the various projects it will
undertake in aid of the tsunami victims.
Following news reports of the tsunami disaster, DBS made available
its self-service banking channels on December 28, 2004 for contributions
from the public to the Tidal Waves Asia Fund.
About DBS
Headquartered in Singapore, DBS is one of the largest financial
services groups in Asia. The largest bank in Singapore and the fifth
largest banking group in Hong Kong as measured by assets, DBS has
dominant positions in consumer banking, treasury and markets, asset
management, securities brokerage, equity and debt fund raising.
Beyond the anchor markets of Singapore and Hong Kong, DBS serves
corporate, institutional and retail customers through its operations
in Thailand, The Philippines, and Indonesia. In China, the bank
has branches and representative offices in Shanghai, Beijing, Guangzhou,
Shenzhen, Fuzhou, Tianjin and Dongguan. The Bank's credit ratings
are among the highest in the Asia-Pacific region. More information
about DBS Group Holdings and DBS Bank can be obtained from our website
www.dbs.com.
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