SINGAPORE: Singapore's people's bank, POSB, has opened its first branch in a community club, as part of the moves to extend its reach in the heartland.
The new branch is at Zhenghua Community Club.
Minister for the Environment and Water Resources and Member of Parliament for Holland-Bukit Timah GRC, Dr Vivian Balakrishnan joined in the opening ceremony on Saturday.
POSB, which is celebrating its 135th anniversary, said it has evolved from a savings bank to a full-service bank that can meet the financial needs of Singaporeans at every stage of life.
And it's strengthening its roots in the community.
Besides banking services at all SingPost outlets, POSB plans to open more branches at community clubs.