DBS eyes Malaysian bank stakes in expansion push, sources say

Quick Summary:

DBS is the only Singapore bank without a retail banking presence in Malaysia.

Kuwait Finance House said the process for selling its retail banking portfolio in Malaysia was in the preliminary stages, and that it was not able to share additional information.

The two sources declined to be named as talks on the possible acquisitions were confidential.“We do not comment on market rumours and speculation,” said a spokesperson for DBS, South-east Asia’s biggest lender by assets.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaIndiaIndonesiaKuwaitMalaysiaOmanTaiwan

Topics: Acquisitions Stake Assets Banking Singapore Malaysia Retail South-east Bank Sources Malaysian

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 10:00:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 640 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23485806

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