The ratings on DBS Bank Ltd. reflect the bank's solid franchise in the Singapore market, where it is the largest bank in terms of consolidated as well as domestic assets. We also recognize the bank's superior liquidity profile, sound capitalization, and strong financial flexibility. These factors are counterbalanced by deteriorated loan quality, especially from the bank's exposure outside Singapore, and pressure on profitability. DBS Bank's strong franchise in Singapore, including its Post Office Savings Bank branding, and its wide branch network offer it a very good liquidity and funding profile. DBS Bank benefits from its strong customer deposit base, which is mainly represented by low-cost current and savings accounts. It also maintains the lowest loan-to-deposit ratio among local peers. DBS
