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DBS lays out 2020 goals for transaction banking

Mon, Aug 03, 2015 - 5:50 AM

Jamie Lee leejamie@sph.com.sg@JamieLeeBT

The bank expects to double its income from the trade finance business, and quadruple its cash management segment by 2020.

PHOTO: REUTERS

Singapore

DBS Bank is eager to grow its cash management at a faster clip than before, and at a time when its trade book has been hit by a slowing China, falling commodity prices, and as arbitrage opportunities for the yuan have dried up.

The bank expects to double its income from...

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