男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

News >Bizchina

DBS charts big plans to hike revenue from mainland

2010-09-28 10:19

SINGAPORE - Southeast Asia's biggest bank DBS Group Holdings Ltd plans to draw up to 10 percent of its revenue from the Chinese mainland within ten years, an increase from the current 3 percent.

The lender aims to expand its footprint in the country by having 50 points of presence in three to four years from 16 points in eight cities currently, subject to regulatory approval, said Piyush Gupta, CEO of DBS Group Holdings, on Monday.

"Our aspiration is to climb our presence in China exponentially," Gupta said at a press briefing to celebrate the opening of the DBS Asia Hub held on Sunday in Singapore.

Gupta said the Singapore-based lender is planning to invest about as high as 10 percent of its total group investment worth 1.5 billion Singapore dollars ($1.13 billion) in the next 10 years in the Chinese mainland, aiming to keep pace with the increasing size of the market.

"We're very serious about our intention to roll out our presence in the Chinese mainland. What's important is to increase our branches and business bases in it," DBS Group Holdings chairman Peter Seah said.

DBS posted a record-high net profit of 718 million Singapore dollars in the April-June period, if the goodwill impairment charge of 1.02 billion Singapore dollars for its Hong Kong business was excluded.

The once Singapore-focused lender is eager to trim its revenue proportion of about 70 percent made in Singapore to 40 percent in the next five years, and has made moves to grow its business abroad, particularly in China, Gupta said.

On Sept 23, the bank said it plans to invest S$250 million ($189 million)?to ramp up its treasury and market business over the next five years, especially in China, on the back of the increasing internationalization of the Chinese currency.

"DBS is focused on leveraging its Greater China franchise to build a strong renminbi business spanning foreign exchange, bonds, structure products and hedging solutions," the bank said in a written announcement.

It was one of the first few banks to offer yuan-structured deposits in Hong Kong in September.

In terms of issuing the yuan-denominated bonds, Gupta said on Monday that the issuance of bond is a function of liquidity position, in which DBS has made good progress from its consumer deposits, particularly in the course of this year.

"Our liquidity is very sound, therefore, whether to issue (yuan-denominated) bond is really driven by the economics," Gupta said.

Seah said DBS has yet to plan to list in the international board for foreign firms in Shanghai, when rivals such as HSBC Holdings and Standard Chartered Bank have already expressed their willingness for listing.

Related News:

主站蜘蛛池模板: 金山区| 建平县| 电白县| 盐亭县| 蓬莱市| 安岳县| 怀来县| 通榆县| 来安县| 和林格尔县| 兴安县| 年辖:市辖区| 格尔木市| 恩平市| 甘孜| 卢湾区| 邯郸市| 博湖县| 高台县| 沅陵县| 兴和县| 张掖市| 肥东县| 嘉黎县| 瓮安县| 于田县| 舞阳县| 巨鹿县| 额尔古纳市| 蓬溪县| 广州市| 布尔津县| 双牌县| 高陵县| 柳州市| 烟台市| 油尖旺区| 昌江| 连州市| 景东| 安图县| 承德县| 庄河市| 肥城市| 广宁县| 桐梓县| 浦县| 杂多县| 沂水县| 长寿区| 平湖市| 锡林浩特市| 潮州市| 石城县| 电白县| 周口市| 简阳市| 长丰县| 马山县| 射阳县| 喀什市| 马关县| 天津市| 霍林郭勒市| 蓝田县| 镇远县| 玉溪市| 博湖县| 祁连县| 云林县| 潞西市| 呼和浩特市| 沾化县| 航空| 平罗县| 竹溪县| 婺源县| 美姑县| 格尔木市| 吴桥县| 五家渠市| 怀柔区|