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DBS eyes Malaysian bank stakes in expansion push, sources say

The Straits Times LogoThe Straits Times1w ago

DBS eyes Malaysian bank stakes in expansion push, sources say - The Straits Times

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:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 10:00:00 (1 weeks 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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About The Straits Times

The Straits Times Logo

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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  • URL: https://beamstart.com/news/dbs-eyes-malaysian-bank-stakes-17312064586351

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