DBS Bank is the largest bank in Singapore as measured by asset and holds a prominent position in Hongkong. DBS will roll out banking packages specially tailored for social enterprises by Q1 2008.
Note: Social enterprises are revenue-generating businesses with social missions.
DBS bank is targeting the social entrepreneurship movement because it wants to leverage its skills and capabilities to help these businesses grow.
DBS is also partnering with Ministry of Community Development, Youth and Sports, which has a list of social enterprises it gives grants to.
Source: Channel News Asia
Banks today are starting to realize the constructive role they can play in helping to support social enterprises.Filed under Enterprise Services | Tags: banking, Singapore, social enterprise | Comment Below