DBS poised at last to make Aussie debut

Singapore

DBS Bank, South-east Asia's largest lender, has set its eyes Down Under, finally.

Australian sources tell The Business Times that the Singapore bank is awaiting regulatory approval to set up a branch in Sydney.

DBS is the only Singapore bank which does not have a presence in Australia. Rivals OCBC Bank and United Overseas Bank (UOB) have had branches in Australia for a while. OCBC has one in Sydney while UOB has a branch in Sydney and offices in Melbourne and Brisbane.

DBS declined to comment on i…