Recently the Singapore-based DBS Bank declared that its total exposure to Dubai is around $1.28 billion and out of this only $400 million is to the troubled Dubai World. However the bank considers that the situation is manageable.

A statement released Monday by the bank specified that a notable portion of the $1.28 billion exposure is to Dubai government-owned companies functioning in Asia that are sound, including Labroy and South Beach, which is collateralized.

The bank continued ahead that only $400 million out of this is extended as a bilateral loan to Dubai World Finance, the financial services arm of the debt-ridden Dubai World.

DBS is a well capitalized bank with "AA-" and "Aa1" credit ratings and is one of the largest financial services groups in Asia with operations in 16 markets.