DBS Bank Ltd is a multinational banking and financial services firm based in Singapore. It was originally founded as The Development Bank of Singapore Limited until it rebranded to the abbreviated name DBS Bank in 2003. Since then, the bank has been recognised as one of the largest financial institutions, receiving many awards, including Global Finance's World Best Bank for five years in a row from 2018 to 2022. DBS Bank is one of the 6 local banks in Singapore. It also operates internationally, with a presence in major Asian markets, including Hong Kong and Taiwan.