trending Market Intelligence /marketintelligence/en/news-insights/trending/2bKbcIEzwIEUWpT2pWa0QQ2 content esgSubNav
In This List

DBS Group seeks to grow AUM to S$300B by 2023

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


DBS Group seeks to grow AUM to S$300B by 2023

DBS Group Holdings Ltd. is seeking to boost its asset under management to S$300 billion by 2023 from about S$234 billion currently and is willing to consider mergers and acquisitions to hit the target, The Business Times reported Sept. 12.

The Singaporean bank is looking to grow its AUM by 7% to 8% annually over the next few years, said Lim Sim, the Singaporean bank's group head of consumer banking and wealth management business. The bank will "look at every opportunity" and will consider M&A activities "if the price makes sense" to reach the growth target, Lim told the newspaper.

The bank also to grow its business in Indonesia given "a lot of organic growth" in the country, Lim added.

As of Sept. 11, US$1 was equivalent to S$1.38.