Singapura Building Society Ltd was incorporated in 1969 as a public company to take over the undertakings and operations of Malaya Borneo Building Society, the oldest finance company in Singapore, established in 1950. Today, the Company continues to provide home loans and has expanded its financial services to include financing for commercial and industrial properties, property developments, shares, vessels, hire purchase of vehicles and equipment, factoring and agency services for some statutory bodies' staff housing loan schemes. Other services including savings and fixed deposits including trust funds. It is a major participant of the Local Enterprise Finance Scheme which is jointly administered with the Singapore Productivity and Standards Board to assist small and medium business enterprises.The Company has seven branches located in populous areas to serve its large client base spread throughout the Singapore.It changed its name to Singapura Finance Ltd wef 12 June 2002.