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DBS charts steady course in transaction banking

Risks in China-linked trade finance eased by the bank cherry-picking its clients

DBS has a trade-loan book of about $60 billion, and will boost it further on the back of the US$580 billion in Asian trade growth that is expected this year - PHOTO: REUTERS

[SINGAPORE] In just five years, DBS Group has shot out of nowhere to become a worthy competitor in Asian trade financing - snatching an advantage from European banks that retreated to repair their balance sheets, and this comes as banks are eager to lift their fee income. The performance has put