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DBS : Bank donates 1,000 oxygen concentrators in support of Indonesia's fight against Covid-19 | Bahasa

07/13/2021 | 10:35pm EDT
DBS Bank donates 1,000 oxygen concentrators in support of Indonesia's fight against Covid-19 | Bahasa
Indonesia, 13 Jul 2021 - To help in the fight against Covid-19 in Indonesia, DBS Bank announced today that it is donating 1,000 oxygen concentrators to the Republic of Indonesia. The oxygen concentrators, which are medical-grade non-invasive breathing aids, will be deployed by Indonesia's Ministry of Health to provide additional support to hospitals to treat patients with respiratory conditions.

Said DBS CEO Piyush Gupta, 'Having operated in Indonesia for more than 30 years, it pains us to see the country in the throes of its fiercest Covid-19 battle yet, as cases continue to surge. Amid these incredibly trying times, this donation represents a mark of solidarity with our Indonesia colleagues, customers and the community-at-large. It is our hope that by standing together, we can overcome the worst of this pandemic very soon.'

Said Paulus Sutisna, President Director, Bank DBS Indonesia, 'Amid the devastating rise of Covid-19 cases in Indonesia, one of the great needs of the hour is to help mitigate the oxygen shortage situation on the ground. We are therefore thankful to both the Singapore and Indonesia authorities who helped facilitate this donation, that we may join with them to do our part in this battle.'

Over the past year, DBS has made several donations in support of the fight against Covid-19. In 2020, DBS Indonesia, through the 'DBS Stronger Together Fund' donated SGD 2.5 million worth of meals and care packs to those hard-hit by the pandemic. This comprised of over 380,000 food portions to 8,000 households, [whose main breadwinner] was made up of daily wage workers, public transport drivers, street vendors, part-time teachers and others, through Foodbank of Indonesia. DBS Indonesia also distributed 300,000 food portions to daily wage workers through the Confederation of All Indonesian Trade Unions.

In May 2020, DBS Indonesia also donated Covid-19 test kits which were deployed to medical personnel fighting Covid-19. The donation consisted of 100,000 Rapid Test Kits, 15,000 Viral Transport Medium Kits, and 5,000 Swab Test Kits. Two Polymerase Chain Reaction machines and 3,000 test kits were also donated to the Department of Microbiology, Faculty of Medicine, Universitas Indonesia, in August 2020.

In May this year, amid surging Covid-19 cases in India, DBS also supported relief efforts there in a number of ways. This included the donation of three cryogenic oxygen tanks, each with approximately 20,000 litres of capacity, as well as 300 oxygen concentrators, to support the fight against Covid-19.


About DBS

DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's 'AA-' and 'Aa1' credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named 'World's Best Bank' by Euromoney, 'Global Bank of the Year' by The Banker and 'Best Bank in the World' by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named 'World's Best Digital Bank' by Euromoney. In addition, DBS has been accorded the 'Safest Bank in Asia' award by Global Finance for 12 consecutive years from 2009 to 2020.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SG50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 29,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.


DBS Group Holdings Ltd. published this content on 13 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2021 02:34:32 UTC.

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Sales 2021 14 617 M 10 805 M 10 805 M
Net income 2021 6 638 M 4 907 M 4 907 M
Net Debt 2021 - - -
P/E ratio 2021 11,4x
Yield 2021 3,97%
Capitalization 76 151 M 56 290 M 56 293 M
Capi. / Sales 2021 5,21x
Capi. / Sales 2022 4,90x
Nbr of Employees 32 341
Free-Float 98,6%
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Piyush Gupta Vice Chairman & Chief Executive Officer
Sok Hui Chng Chief Financial Officer
Lim Huat Seah Non-Independent Non-Executive Chairman
Jimmy Ng Chief Information Officer & Head-Operations
Chee Kin Lam MD, Head-Legal & Group Compliance Officer
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