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OUTLOOK 2020

Life after Permata: What's next for Singapore banks in their M&A strategy?

Priority for Big Three will be on current lines of business in regions where they already have a foothold, instead of venturing into new areas: analysts

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In a media briefing for its Q3 results in November, DBS chief Piyush Gupta said that the bank will focus on bolt-on acquisitions.

Singapore

SINGAPORE'S Big Three banks are likely to persist in their quest for growth in the coming year through potential mergers and acquisitions (M&A), even as OCBC and DBS recently bowed out of the race for Indonesian lender Permata after much fanfare.

Analysts tell The...