Pri­vate banks con­sider ac­qui­si­tions

China Daily (USA) - - BUSINESS -

DBS Group Hold­ings Ltd and Bank of Sin­ga­pore, Asia’s big­gest home­grown pri­vate banks, will con­sider more ac­qui­si­tions as they grap­ple for a big­ger slice of business from the re­gion’s grow­ing num­ber of mil­lion­aires. DBS would look at any deal that fits with its strat­egy, at the “right” price, the bank’s con­sumer and wealth head Tan Su Shan said on Tues­day. Bank of Sin­ga­pore, Oversea-Chi­nese Bank­ing Corp’s pri­vate-bank­ing arm, “will def­i­nitely eval­u­ate” any op­por­tu­ni­ties, Chief Executive Of­fi­cer Bahren Shaari said in a sep­a­rate interview.

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