Singapore's Top Banks Pursue Regional Expansion
Singapore's three largest banks, DBS Group Holdings, United Overseas Bank, and Oversea-Chinese Banking Corp., are expanding regionally. They focus on growth in trade finance and wealth management. UOB's CEO announced a five-year plan to compete with large domestic banks in ASEAN countries.
Singapore's three largest banks, DBS Group Holdings, United Overseas Bank (UOB), and Oversea-Chinese Banking Corp. (OCBC), are expanding their operations in neighboring Southeast Asian countries through acquisitions and new hiring.
Their primary focus areas are trade finance and wealth management.
UOB's CEO, Wee Ee Cheong, announced during the bank's annual general meeting in April that they aim to further penetrate ASEAN markets within the next five years and thrive in competition with large domestic banks.
Their primary focus areas are trade finance and wealth management.
UOB's CEO, Wee Ee Cheong, announced during the bank's annual general meeting in April that they aim to further penetrate ASEAN markets within the next five years and thrive in competition with large domestic banks.
