Singapore-based bank DBS officially opened its new outlet in Nanning, Guangxi Zhuang Autonomous Region on Tuesday, despite the deepening global financial crisis.

The financial turmoil won't stop the bank's network expansion, said Stanley Ku, head of consumer banking of DBS Bank (China) Ltd, adding it will continue enhance its presence on China mainland and attract more clients there. The new branch has been running on a trial basis.

The bank also opened a retail outlet in Shanghai on Monday this week.

In addition, another Singapore-headquartered lender, Oversea-Chinese Banking Corp Ltd (OCBC), said it had started providing retail outlet services on weekends in China.

OCBC, which has 400 staff on the mainland, noted it was opening four retail outlets in Shanghai and Chengdu on Saturdays, in a bid to compete with its rivals.

OCBC expects its workforce to grow to 1,000 by 2010, as per industry sources.