SINGAPORE -DBS Group has agreed to buy Citigroup's consumer business in Taiwan, paying S$956 million above the net asset value, making the Singapore lender the largest foreign bank in Taiwan by assets.
"The acquisitions we have made since the start of the pandemic have given us a platform to build meaningful scale in some of our core markets. This acquisition is no exception," Gupta said in a statement on Friday. The bank is funding the purchase with excess capital and said this will have no impact on its ability to pay dividends.
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DBS to buy Citi's Taiwan retail business, take over 3,500 staffSINGAPORE :DBS Group has agreed to buy Citigroup's consumer business in Taiwan in a move that will see the Singapore-based bank pay S$956 million ($706.6 million) above the net asset value, making it Taiwan's largest foreign bank by assets.DBS, Southeast Asia's biggest lender, said in a statement on Friday th
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »
DBS to buy Citi's consumer banking business in TaiwanSINGAPORE: DBS Group, Southeast Asia\u0027s largest bank, has agreed to buy Citigroup\u0027s consumer banking business in Taiwan via a transfer of assets and liabilities and will take over the 3,500 staff employed in the retail arm. It will pay cash for the net assets of Citibank\u0027s Taiwan consumer banking business p
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Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »
DBS to buy Citi's Taiwan retail business, take over 3,500 staffSINGAPORE — DBS Group has agreed to buy Citigroup\u0027s consumer business in Taiwan in a move that will see the Singapore-based bank pay S$956 million above the net asset value, making it Taiwan\u0027s largest foreign bank by assets. DBS, Southeast Asia\u0027s biggest lender, said in a statement on Friday (Jan 28) tha
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DBS agrees to buy Citi's Taiwan retail business, take over 3,500 staffSINGAPORE :DBS Group has agreed to buy Citigroup's consumer business in Taiwan, paying S$956 million ($706.6 million) above the net asset value, making the Singapore lender the largest foreign bank in Taiwan by assets.The deal is part of DBS Chief Executive Piyush Gupta's strategy of expanding Southeast Asia'
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »