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DBS eyes higher growth from SME segment

It hopes in time to have one-third of this sector's income coming from emerging markets

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Published Fri, Mar 21, 2014 · 10:00 PM

    Singapore

    DBS Group expects income growth from its small and medium enterprises (SME) segment to outpace last year's growth of over 10 per cent, and is pushing for more income from emerging markets, said Lim Chu Chong, the bank's regional head of SME banking.

    This comes amid some headwinds this year that DBS is bracing itself for, with Mr Lim being candid in seeing some loan losses in the SME space, though non-performing loans (NPLs) for the bank - as well for as its homegrown peers - have been tiny on the whole.

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