DBS staff can look forward to a little something extra with their next pay cheque, as the bank ramps up its 50th anniversary giveaways.
The group's 26,000 employees will each collect a $500 bonus this month, chief executive Piyush Gupta told staff at a townhall yesterday.
An earlier staff gift of gold-plated jewellery had been unveiled in February.
DBS, which was set up in July 1968 as the Development Bank of Singapore, also previously handed shareholders a bumper payout to mark its birthday - including a one-time special dividend of 50 cents a share.
This, alongside a full-year ordinary dividend of 93 cents a share, took last year's payout to $1.43 a share - up from 60 cents a share in 2016.
"Recognising that this success would not have been possible without the support of our stakeholders, we felt it was important for our jubilee celebrations to include a measure of giving back, whether to shareholders, customers or employees," Mr Gupta said in a media statement.
The lender, which is Singapore's largest listed company by market value, also pledged annual dividends of $1.20 a share earlier this year, ending its scrip dividend option.
A recent report expects DBS to hand out the biggest booty this year, out of all the Straits Times Index stocks linked to Singapore investment firm Temasek.