Singapore banks may shop for buys as fears over bad debts recede

Singapore

EYES will be on Singapore banks' acquisition plays in the region as the trio release their first-quarter results, with asset quality largely stable following the expiry of debt holidays.

There is growing focus on the banks' regional growth strategy as business conditions improve. DBS and OCBC are among banks set to bid for Citi's consumer assets up for sale in Asia. DBS also recently made its largest acquisition in China, with a new stake in Shenzhen bank.