DBS_Bank.jpg

DBS acquires ANZ retail and wealth business in Asia


Tan Su Shan, DBS

Singapore-based DBS Bank is purchasing the retail and wealth business of Australia and New Zealand-based banking group ANZ in Singapore, Hong Kong, China, Taiwan and Indonesia for approximately SGD 110 million ($ 79 million) “above book value”.

The exact number has not been released but the portfolio includes total deposits of SGD 17 billion (US $ 12.2 billion), loans of SGD 11 billion (US $ 7.9 billion), fixed assets (assets under management) of 6 .5 billion SGD …



Read more

deel dit bericht

Share on facebook
Share on twitter
Share on telegram
Share on whatsapp

Advertisement

NET BINNEN

Advertisement

Recent News