New Qingdao branch is DBS's 34th outlet in China

Singapore

DBS BANK officially opened a branch in China's eastern coastal city of Qingdao on Wednesday, boosting its network in the world's second largest economy to 34 outlets.

As DBS China's first branch in Shandong province, the Qingdao branch will provide a wide range of corporate banking services for Shandong clients, including deposit facilities, loans, trade financing, cash management and treasury market services, the bank said.