Building An Asian Bank
With most economic indicators and forecasts signaling the Asian century, one regional bank is setting its ambitions high and within the folds of the continent. Singapore-based DBS Bank plans to step up its local game by playing to the region's surging megatrends and relying on its greatest asset - a reliable home-grown brand. Rebalancing its geographic portfolio is one aspect of its strategic plans. While Singapore and Hong Kong contributed some 60 per cent and 26 per cent of net profits in the third quarter, DBS has indicated its goal to attain a 40:30:30 split within five years from Singapore, Greater China and South and Southeast Asia respectively.