Large Asian SMEs offer huge scope for GTS growth, says DBS

Tom McCabe, DBS managing director and head of global transaction services (GTS), says large Asian firms with about $100 million to $1 billion in turnover are not being served by global banks in Asia.

Large Asian SMEs offer huge scope for GTS growth, says DBS

Much has been made of the growth of Asia’s small and medium-size enterprises SMEs, but how significant is this segment to banks like DBS

In my view, companies with between $50 million to $5 billion in annual turnover are not being served by global transaction banks in Asia, as these banks have clearly stated their preference for the largest 5,000 to 7,000 global firms. But for DBS, our fastest growing market is...

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