DBS employees are getting a windfall after the bank reported a “record performance.” The Singaporean bank is paying workers a one-time bonus of 1,000 Singapore dollars ($737) on top of regular performance bonuses to all staff, except senior managers, after the bank’s stellar year.
The bonus, which is pegged to the purchasing power parity in the economies where DBS staff are employed, will cost the bank an additional 32 million Singapore dollars ($23.6 million).
