Here's what to expect after DBS quits Danamon deal

DBS Indonesia plans setting up a local data centre.

According to Maybank Kim Eng, management remains confident of maintaining top line growth of about 10-11% per annum just on DBS’ core businesses and the strategies that it has in place right now to drive growth in areas such as trade financing, wealth management and global transaction services.

Efforts will also be made to drive DBS Indonesia more aggressively.

"The bank has seen a topline growth CAGR of 65% over the past three years. DBS Indonesia is positioned primarily as a corporate bank and will not require as large a branch network. The immediate priority will be in setting up a local data centre and invest in technology to roll out more applications."

Also Read

Citi appoints new sales head for key Asian markets

Citi combines in Japan, North Asia, and Australia clusters

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia