RBS to focus on Asia-UK trade finance
UK bank will offer expertise in specialist areas after major overhaul
[SINGAPORE] The UK's largest bank, the Royal Bank of Scotland (RBS), expects to keep a clear focus on trade finance in this region by linking clients between Asia and the UK, a senior RBS executive in Asia told BT.
It also wants to position itself as a bank with expertise in specialist areas such as structured trade finance.
This comes amid a deep and large overhaul of the lender, and the majority of it remains owned by the UK government after a bailout six years ago.
TRENDING NOW
Fed hike throws Singapore banks a margin lifeline; UOB likely to benefit more
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part
Canada is upping oil flows to Asia, but South-east Asia’s refineries aren’t ready to handle them yet
