The bank was set up by the Government of Singapore on 16 July 1968 to take over after the Economic Development Board the functions of industrial financing.
Leli bhange lasungulwa nguHulumeni waseSingapore mhla ziyi-16 kuNtulikazi ngo-1968 ukuze athathe izintambo ngemuva kweBhodi Yezokuthuthukiswa Komnotho imisebenzi yezimali zezimboni.