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.
Register to read this article. Log in if you are already a subscriber.Register to read this article. Log in if you are already a subscriber.Please log in or subscribe to continue reading.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes