S'pore banks have good shot at cracking Asean growth

SINGAPORE banks, through differing strategies capitalising on their respective strengths, are making expected inroads into tapping the burgeoning wealth and fund inflows in Asean.

UOB and OCBC, in particular, have made positive onshore investments in Asean, the region that is set to become the fourth-largest market after the EU, the US and China by 2030.

UOB is due to have a foreign-owned subsidiary bank licence in Vietnam by June, which would make i…