DBS SME banking establishes coverage team for retail F&B

TO CATER to the financial needs of Singapore-based retail food and beverage (F&B) and food manufacturing companies expanding overseas, DBS said on Sunday that it has established a dedicated F&B coverage team to better serve these customers.

In the last 18 months, the bank saw four in 10 of its F&B SME customers expand overseas, with top expansion markets being Tier 2 cities in markets like China, Indonesia and Taiwan.

This is a two-fold increase over the last five years and a trend is in place, DBS said.