The Post Office Savings Bank, popularly referred to as POSB is one of the leading banks of Singapore. It was initially established in the year 1877 as a part of the Postal Service department in Singapore. It is one of the oldest banks in the world. It was acquired by DBS bank in the year 1998 and since then, it has been providing its financial solutions under the DBS banner. Before the acquisition, POSB maintained a tradition of providing its financial services to the people of the island at low costs. However, after the takeover by DBS, it has promised to continue upholding this tradition and serve its customers in the same manner. The customer base of the bank has increased tremendously after the two banks came together. POSB offers an array of top notch products and services such as Deposits, credit and debit cards, investments, insurance and, loans among other services.
DBS is one among the largest banks in Singapore today. It thrives to provide its customers financial services and banking products that are customizable and innovate and thereby suiting the needs and requirement of everybody. DBS has more than 280 bank branches that is spread across 18 markets in Asia alone. Though the headquarters of the bank is in Singapore, the operations of DBS has been channeled across several high profile markets that include South East Asia, South Asia and Greater China. After the acquisition of POSB by DBS, the bank then gained a dominant share in the market and customer base that exceeded four million. DBS took complete control of POSB after paying SGD 1.6 billion for the acquisition. In the year 2014, DBS won the Gold at the Corporate Awards for having the best managed board. After the launch of mobile banking service in the year 2009, the services offered by both, DBS and POSB was enhanced tremendously as customers were able to manage their bill payments, transfer funds and much more with much more ease. DBS offers an array or products and services that include deposits, accounts, Expatriate programs, funds transfer, mbanking, SMS banking, credit and debit cards, investments, insurance and many more.
The POSB Private Property Home Loan offers myriad home loan packages coupled with valuable advice that can help you in making the best decision regarding your dream home and the perfect home loan package to go along with it that will suit your needs and financial status the best.