FinanceSingapore's top banks hungry for regional expansion
Domestic challenges prompt DBS, OCBC, UOB to seek growth elsewhere
Singapore's three largest banks are pushing to expand outside their home markets, focusing on areas such as trade finance and wealth management. (Source photos by Reuters)
FUMIKA SATO, Nikkei staff writer
SINGAPORE -- The three largest banks in Singapore, DBS Group Holdings, United Overseas Bank (UOB) and Oversea-Chinese Banking Corp. (OCBC), are expanding in neighboring countries through acquisitions and new hiring, as they push to become regional banks in Southeast Asia.