DBS: Greater China to make up 35% of revenue this year

DBS Group Holdings Group (DBSM.SI) said on Monday a focus on the China, Hong Kong and Taiwan markets will see its revenue from Greater China “quickly” rise to 35% of the total this year from 30% last year, reported Reuters.

“Greater China will be very a important market over the next 10 years ... These are the markets we expect to do very well,” Chairman Peter Seah told a news briefing in Taipei. 

 

Southeast Asia's biggest lender posted a better-than-expected 6% rise in Q3 profit last year on strong loan growth. It said on Monday it “hopes” to do better this year.