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History & Milestones

Overview on Development Bank of Sarawak Berhad

DBOS is a wholly Sarawak-owned development financial institution set up with a mandate to fund strategic projects aim at transforming Sarawak into a high and advanced economy to support Post COVID-19 Development Strategy (PCDS) by 2030. The Bank was incorporated in May 2017 and came into operation in January 2018.

31-Mar-2017

Approval from BNM to use the word “Bank”

11-May-2017

Incorporation of DBOS

30-Oct-2017

Secured Exemption Order under subsection 2A (2) from Kementerian Pembangunan Kerajaan Tempatan (KPKT) on conventional credit business

15-Jan-2018

Commencement of Business

17-Jul-2019

Increased Paid-Up Capital (RM0.5 billion to RM1 billion)

30-Nov-2020

Listed in Ministry of Finance Financial Institution List

01-Jun-2023

Issued Pemberi Pinjam Wang (PPW) licence by KPKT and received revised Exemption Order from KPKT on conventional credit business

27-Oct-2023

DBOS logo registered with MyIPO as a trademark

29-Dec-2023

Increased Paid-up Capital (RM1.4 billion to RM1.7 billion)

19-Mar-2025

Secured an Exemption Order from Ministry of Finance (MOF) under section 274 of the Islamic Financial Service Act 2013 (IFSA) to permit Islamic Banking Window (IBW) operation

17-Nov-2025

Launched IBW business and DBOS Islamic logo

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