DBS Group Holdings will give $1,000 to each of its 18,000 employees, to celebrate SG50 this year, said DBS chief executive Piyush Gupta on Wednesday.
The gift will be given to all local and foreign DBS employees at the level of vice-president and below, which means an estimated 10,000 staff will receive this gift.
Last month, it relaunched the POSB National School Savings Campaign – to encourage primary school pupils to cultivate the habit of saving. The iconic POSB Saving Stamps Programme launched in 1969 was hugely popular in the 1970s and 1980s and at its peak had 100 per cent schools participation.
The bank was set up by Government of Singapore in June 1968 to take over the industrial financing activities from the Economic Development Board. Today, its branches numbering more than 100 can be found island-wide. DBS Bank is the largest bank in South East Asia by assets and among the larger banks in Asia.