The largest lender in South-East Asia, Singapore’s DBS Bank, says it will use a new deal with Austrade to move onto ANZ Bank’s turf and connect Australian companies to growth opportunities in the region.
The Australian Trade and Investment Commission, the government’s trade agency, said a memorandum of understanding signed with DBS, announced by the bank on Wednesday night, could be used to build commercial links for Australian companies seeking to expand in Singapore, Indonesia, Malaysia or Vietnam.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
