hong kong limited native name type subsidiary of dbs group holdings ltd industry banking predecessor dao heng bank limited dbs kwong on bank limited overseas trust bank limited founded hong kong july 21 2003 2003 07 21 headquarters hong kong key people seah lim huat peter chairman piyush gupta vice chairman j. e. sebastian paredes muirragui ceo services financial services operating income hk 8.162 billion 2013 hk 7.348 billion 2012 net income hk 3.524 billion 2013 hk 3.227 billion 2012 total assets hk 308.659 billion 2013 hk 285.512 billion 2012 total equity hk 31.267 billion 2013 hk 29.015 billion 2012 number of employees fill in parent dbs group holdings ltd website www.dbs.com.hk dbs bank hong kong limited chinese is a licensed bank incorporated in hong kong . it is a subsidiary of dbs bank headquartered in singapore and it is also the seventh largest bank in hong kong by total assets . contents 1 history 1.1 kwong on bank 1.2 mei foo branch incident 2 subsidiaries 3 see also 4 references 5 see also history edit dbs started its operations in hong kong in 1999 by acquiring kwong on bank from leung s family & japanese based fuji bank present mizuho corporate bank and renamed it as dbs kwong on bank . it acquired dao heng bank and its subsidiary overseas trust bank in 2001 from guoco group . the three banks were later merged under the trading name of dbs and in chinese . kwong on bank edit dbs kwong on bank was a bank based in hong kong . it merged with dao heng bank on july 21 2003 and the latter was renamed dbs bank hong kong limited . before the acquisition by dbs the bank was named kwong on bank and was a subsidiary of japan based fuji bank present mizuho corporate bank . mei foo branch incident edit on october 5 2004 dbs bank hong kong limited announced that during the renovation of its branch in mei foo sun chuen in kowloon when the bank attempted to remove more than 900 empty safety boxes from the branch 83 safety boxes rented by customers and containing valuables were accidentally removed . the 83 boxes were subsequently sent to a scrapyard and crushed . the bank reported that 36 boxes were recovered although the valuables contained inside were badly damaged . in 2009 the safe deposit box incident was portrayed on tvb television series born rich . dbs bank branch on des voeux road central central hong kong . subsidiaries edit dbs asia capital limited dbs asset management hong kong limited dbs vickers securities hong kong limited dbs vickers securities singapore private limited see also edit list of banks in hong kong references edit feng bangyan ; 1861 . a century of hong kong financial development . joint publishing hong kong . isbn 962 04 2129 9 . see also edit dbs bank list of banks in hong kong retrieved from https en.wikipedia.org w index.php title dbs bank hong kong & oldid 689893088 categories dbs bankbanks of hong kongbanks established in 1995online brokerageshidden categories articles containing traditional chinese language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages edit links this page was last modified on 10 november 2015 at 01 27 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view