DBS Bank, Singapore’s largest bank by assets, has received approval from the Dubai Financial Services Authority to open its first branch in ...

DBS Bank, Singapore’s largest bank by assets, has received approval from the Dubai Financial Services Authority to open its first branch in the Middle East at the Dubai International Financial Centre. DBS plans to open its branch within the DIFC in June 2006. DBS said it initially plans to offer wholesale banking products and services including private banking, securities brokerage, asset management and trade finance.