DBS SME Banking has unveiled a new initiative, “DBS for SMEs”, aimed at bolstering the resilience of small businesses in Singapore. Announced on 5 August 2026, the programme seeks to address operational challenges such as working capital, digital payments transformation, and AI adoption, whilst promoting sustainable growth.
The initiative is part of a broader campaign coinciding with National Day and follows the introduction of a S$900m national support package. It marks DBS as the first bank to extend additional support to local businesses, offering them access to expertise, networks, and opportunities.
The “DBS for SMEs” programme focuses on three key areas:
– Advisory and capability-building: DBS will provide onboarding workshops, one-on-one advisory sessions, and industry-focused sessions for sectors like healthcare and construction. Programmes will also target second-generation business owners, covering leadership succession and digital transformation.
– Cross-border payments and FX solutions: SMEs will benefit from enhanced cross-border payment options and FX transaction savings, with the ability to transact in 132 currencies across 190 countries. DBS offers tools to lock in currency exchange rates, providing greater control over transactions.
– Financing solutions: The bank will expand access to project and working capital loans, particularly for capital-intensive projects, through the enhanced Enterprise Financing Scheme in partnership with Enterprise Singapore.
The initiative is informed by DBS’ Business Pulse Check Survey, which found that nearly half of SMEs are prioritising diversification and technological adoption. Sharon Tan, Head of SME Banking at DBS Singapore, stated, “DBS for SMEs reflects our continued commitment to supporting businesses of all sizes… to navigate uncertainty with greater confidence.”
DBS will also highlight local entrepreneurs through its campaign, showcasing their adaptability and growth strategies.
