DBS gives out S$13 million financial incentive to staff

This is the bank's way of thanking employees for their hard work in the last 50 years.

To celebrate its 50th anniversary, Singapore bank DBS has announced it would be rewarding all of its 26,000 employees across the region with S$500 each as a “thank you” gift.

The financial incentive, which amounts to S$13 million in total, was shared during a momentous “Golden Jubilee” townhall meeting hosted by DBS CEO Piyush Gupta on Friday (July 6).

“In the last 50 years, DBS has evolved from Development Bank of Singapore to World’s Best Digital Bank. Recognising that this success would not have been possible without the support of our stakeholders, we felt it was important for our Jubilee celebrations to include a measure of giving back, whether to shareholders, customers or employees,” said Gupta.

“For our people in particular, this special Jubilee gift comes ahead of DBS’ birthday on 16 July, and is an expression of our gratitude for their hard work, commitment and strong sense of purpose.” 

This month, as part of the bank’s anniversary celebrations, DBS staff across the region will also be giving back to their communities by participating in 50 volunteer initiatives.

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