“DBS has always been open to exploring sensible bolt-on opportunities in markets where we have a consumer banking franchise (China, India, Indonesia and Taiwan), ” the bank, South-East Asia’s biggest lender, said in a statement.
HONG KONG: Banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for parts of Citigroup’s consumer business in Asia, people with direct knowledge of the matter told Reuters.
The sale process will start within a couple of weeks, the people added, declining to be named as they were not authorised to speak to media.
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