The Development Bank of Sarawak Berhad (DBOS) [1] is a bank owned by the Government of Sarawak.
Inspired by the Asian Development Bank and DBS Bank of Singapore,[1] it was incorporated on 11 May 2017 as a public company limited by shares. DBOS is to carry on business as a Development Financial Institution and lending activities with sources of funding from capital injections from DBOS’ holding company, Sarawak Government's deposits and deposits from Sarawak Government's statutory bodies and linked companies. Its role is to support the Sarawak Government's efforts in the development of strategic infrastructure projects.
History
The bank was first approved on 31 March 2017 by Malaysian prime minister Najib Razak.[2] The bank's logo was crowd-sourced with a logo design competition among Sarawakians.[3]