Singapore's DBS Group Holdings, is exploring expansion into Malaysia, considering acquiring stakes in local banks, Reuters reports.
is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asia n neighbor, including in one of Malaysia 's smallest banks by assets, two sources said.Temasek is biggest shareholder in DBS with a 28.9% stake, according to LSEG data.
Alliance Bank, the second smallest listed bank in Malaysia by total assets, and Bank Negara Malaysia did not respond to requests for comment after business hours on Friday. In the second quarter, Malaysia's economy expanded by an annual 5.9%, its fastest in 18 months, on higher household spending, exports and investment. Its monetary unit, the ringgit, is Southeast Asia's best-performing currency this year.
Malaysian Ringgit Southeast Asia Economic Outlook Economic Growth Malaysia Government Banks Citigroup Inc United Overseas Bank Ltd Oversea-Chinese Banking Corporation Ltd DBS Group Holdings Ltd Singapore Malaysia Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore's DBS eyes Malaysian bank stakes in expansion push, sources saySingapore's DBS eyes Malaysian bank stakes in expansion push, sources say
Read more »
Exclusive-Singapore's DBS eyes Malaysian bank stakes in expansion push, sources sayExclusive-Singapore's DBS eyes Malaysian bank stakes in expansion push, sources say
Read more »
Singapore's DBS Bank Starts New Suite of Tokenized Banking Services for Institutional ClientsCallan Quinn is a Hong Kong-based news reporter at CoinDesk. She holds more than $1,000 of ETH.
Read more »
Bears Pull Up DBs from Practice Squad and Keep Jake Martin on IRTarvarius Moore and Ameer Speed move up to the 53-man roster for the Jacksonville game due to injuries in the secondary.
Read more »
Why the Chicago Bears have so much confidence in reserve DBs Josh Blackwell and Elijah HicksThe Bears aren't thinking twice. They're moving full speed ahead with preparation for Sunday's game against Washington because they know their reserves can keep up.
Read more »
Bears Friday Week 8 Injury Report: Reserve DBs Counted on AgainJaquan Brisker and Kyler Gordon, the top two 2022 Bears draft picks, will again miss a game with injuries against Washington so their backups will have critical roles.
Read more »