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DBS announces 5-year expansion plan in MideastDBS, Southeast Asia’s largest bank and the only Asian bank among the top six wealth managers in AUM for Asia (ex-China onshore), has announced its expansion plans in the Middle East over the next five years. Catering t More… |
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DBS Bank gets approval to issue LCs for trading on DMEThe Dubai Mercantile Exchange (DME) said the DBS Bank’s Singapore office has approved to issue letters of credit (LCs) for trading crude oil on the exchange. DBS is the first Singapore bank to receive such approval and will More… |
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DBS to pay $7.2bn for Indonesia's bankDBS Group Holdings, Southeast Asia's biggest bank, has agreed to pay $7.24 billion for Indonesia's Bank Danamon, offering a 52 percent premium for a middle-ranking lender with high funding costs, raising questions on the price. The takeove More… |
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Islamic Bank of Asia focus on Gulf investorsThe Islamic Bank of Asia, which is backed by Southeast Asia's top bank DBS, will focus on courting Gulf wealth and growing Islamic bonds, private equity and REIT deals to drive its business, its chief executive said. The lender has str More… |
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DBS makes partial retreat from Islamic bankingDBS Group, Southeast Asia's largest lender, is shrinking its Singapore-based Islamic unit in yet another sign that the city-state's efforts to promote sharia banking is struggling. Islamic Bank of Asia (IB Asia), in which DBS has a just ov More… |
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Emaar hires DBS to sell Singapore's RSHEmaar Properties, leading Dubai-based developer, has hired DBS, a leading bank specialising in Asia, to advise on the sale of Singapore-listed sports retailer RSH Holdings. RSH Holdings is currently valued at $164 million, two sources told More… |
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DBS Islamic bank chief quitsIslamic Bank of Asia (IBA), a unit of Southeast Asia's largest bank DBS Group, on Thursday said its chief executive has resigned. The DBS group has a total exposure of about $1.28 billion to Dubai. 'We confirm that Vince Cook, CEO More… |
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IB Asia signs 20 transactions in first yearThe Islamic Bank of Asia (IB Asia) has signed over 20 significant cross-border capital transactions worth more than $0.5 billion in its first year of business. More… |
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India rupee climbsThe Indian rupee climbed to its strongest finish in over a week as investors poured funds into the record-setting stock market, brushing off concerns about new investment restrictions on unregistered foreigners. The partially convertible r More… |
