RETAIL BANKING | Staff Reporter, Singapore

DBS keen to buy businesses shed by European banks

“At the right time and right price, we’ll always be a buyer,” CEO Piyush Gupta said.

According to a Bloomber report, DBS is interested to buy Asian assets that European banks may offload following the Euro debt crisis.

In the report, Gupta cited DBS’s acquisition of parts of Royal Bank of Scotland Group Plc’s retail and commercial banking business in China last December. And he said he’s willing to do trades just like that.

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