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Maybank aims to diversify income streams

It wants to double its non-lending income contribution from retail small and medium-sized enterprise segment in the next three years.

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Marc Leong (left) and Alvin Lee see potential in the RSME banking segment. Since its launch five years ago to target small businesses with turnover of up to S$20 million, the bank's customer pool has grown by about 60-70 per cent.

AS dark clouds continue to loom over the global economy, Maybank Singapore aims to double its non-lending income contribution from its retail small and medium-sized enterprise (RSME) segment in the next three years, in an effort to diversify its income streams.

The Malaysian-headquartered...

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