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From ASEAN to Taiwan, Singapore banks tap Asia growth post-COVID

Southeast Asia's largest lenders snapping up Citi's assets as profits surge

SINGAPORE -- Southeast Asia's largest banks -- DBS Group Holdings, Oversea-Chinese Banking Corp. and United Overseas Bank -- are setting their sights on Asia to ensure their future growth, wagering that the worst effects of the coronavirus pandemic are behind them.

All three Singapore lenders this month reported stellar profits for 2021, confirming that a steady recovery is on track from the downturn induced by the global health crisis the year before.

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