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| Home > Investor Relation > Partnership Information |
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Dongbu Savings Bank, a member of WSBI, is strengthening its partnerships with Savings Banks in Asia and Europe. To secure its position as an advanced financial institution, DSB is sharing its business Know-How and the important issues of retail banking with the international Community, such as German Sparkassen, Swedish SwedBank, Malaysia BSN and Thailand GSB. In hopes of being recognized as an international savings bank, Dongbu Savings has made great strides for its overall development. Holding employee training, sharing skilled management know-how, and developing new products and services are some of the ways Dongbu Savings has tried to reach its goal.
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 WSBI
- ¡±The global voice for retail banking¡± |
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Dongbu Savings Bank joined the WSBI (the World Savings Banks Institute) in May 2003. WSBI is one of the largest and longest established international banking associations and the only global representative of savings and retail banks. Founded in 1924, it represents more than 1,100 financial intermediaries in 89 countries and is one of the widest financial networks in the world. The WSBI provides a unique worldwide platform for cooperation and acts as a centre of knowledge for the retail banking sector at large. | |
| Sparkassen
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In March 2004, Dongbu Savings
Bank signed a strategic partnership agreement with Sparkassen, a German
savings bank. Since then, we have been conducting an exchange program
for in-house trainings. We have been able to share our respective
experience and expertise and collaborate in new product and service
development. Our comprehensive partnership activities even include
joint marketing. Sparkassen, boasting 200 years of history, possesses a vast business network comprising 18,900 banking centers. Holding an over 40% market share, Sparkassen is the uncontested frontrunner in Germany¡¯s retail banking industry. |
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| Swedbank
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In our bid to successfully transform Dongbu
Savings Bank into a leading retail bank, early this year, we entered
into a cooperative relationship with Swedbank, Sweden¡¯s 4th largest
banking group. Swedbank, born out of a merger between small-scale savings banks, is now a heavyweight in the Swedish financial market. Commanding a 25% market share, Swedbank received a credit rating of AA+ from S&P; the same score as Sweden¡¯s country rating. Four million out of the country¡¯s total 9 million financial service consumers are banking with Swedbank. Its total assets are estimated at approximately 150 trillion won. |
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Fraspa |
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Dongbu savings bank had a business cooperation joining
ceremony with Fraspa (Frankfurter Sparkasse) as a partner bank in April 2005.
Fraspa agreed to provide not only its know-how to become a retail bank,
but also internship programs to initiate core competence.
Dongbu and Fraspa will also work on joint investigation and
development of business model as partner bank. Frankfurter Sparkasse was founded in 1822. It is the 4th largest savings bank among 500 savings banks in German with 22 trillion Won capital assets, 1 trillion equity capital, 111 branches, and 2,700 employees. Fraspa is very well-known with its strength in international business. |
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| PostalBank |
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Dongbu Savings Bank had a MOU (Memorandum of Understanding)
signing ceremony with PPSB (Philippine Postal Savings Bank) in April 2007
Postmaster General and First Vice-President of PPSB visited
Dongbu Savings Bank in May 2008 to sign a MOA (Memorandum of
Agreement) on remittance services. Philippine Postal Savings Bank was founded in 1906. It has 22 branches, the latest of which is Bohol Branch, and more to put up in 2008 as a "Symbol of the commitment to the local government units". |
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| NSB |
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Dongbu Savings Bank had a bilateral agreement with National Savings Bank of Sri Lanka(NSB), and it was made official by signing a Memorandum of Understanding(MOU) on February 2, 2009.
NSB is the Premium Licensed Specialized Bank in Sri Lanka owned by the Government of Sri Lanka, and takes pride in being the only local bank to win the coveted ¡®AAA (lka)' National Long-term rating for the 5th year in a row. |
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| GSB |
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Dongbu Saving Bank signed a Memorandum of Understanding(MOU) with Government Savings Bank(GSB) on a comprehensive tie-up which includes business development on February 22, 2010 in Bangkok. GSB is a juristic person and state enterprise which operates as a financial institute guaranteed by the government under the supervision of the Ministry of Finance. | |
| Bank BTN |
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Dongbu Savings Bank signed a Memorandum of Understanding(MOU) with PT. Bank Tabungan Negara(BTN) of Indonesia on November 1, 2010 in Jakarta. BTN, Indonesia's top mortgage lender which has been run by government since 1950, is the only government housing bank and was listed on the stock market in 2009. | |
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