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2014-03-24

DBS may expand SME banking business in India, China

DBS Bank is aiming to expand its small and medium-sized enterprise (SME) banking business beyond Singapore and Hong Kong this year.

DBS Bank is aiming to expand its small and medium-sized enterprise (SME) banking business beyond Singapore and Hong Kong this year.

Speaking at a media briefing, DBS' SME banking regional head, Lim Chu Chong, said the bank now earns 20 per cent of its SME banking income from Taiwan, China, India and Indonesia but wants to increase this share to 30 per cent.

The 80 per cent share of its SME banking income comes from Singapore and Hong Kong. “There is a plenty of room to expand in the markets beyond Singapore and Hong Kong,” Lim said.

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