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DBS takes fast lane to used-car loans, doubling its market share

Nelson Neo, head of new business for DBS Deposits & Secured Lending, says the bank sees potential in the used-car loan market.


IN JUST a year, DBS has doubled its used-car loan market share as it muscled into a space traditionally dominated by lenders like Hong Leong Finance and Maybank.

The bank grabbed a chance to push into this segment on the back of regulatory changes, and plans to rev up...

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