DBS/Kexim

DBS and Kexim form strategic alliance

As international banks withdraw from long-term financing in Asia, DBS takes advantage of an opportunity to grow its presence by forging an agreement with Korea Export-Import Bank.

DBS took a further step towards extending its regional franchise this week by cementing a strategic alliance with Korea Export-Import Bank Kexim.

On Monday, Singapore’s leading financial group and the Korean state-owned policy bank signed a memorandum of understanding MoU that aims to bind them to closer cooperation in infrastructure and project financing.

It is the first time that DBS has signed an MoU with a foreign export-import bank. The objective is to enhance the service it offers to Korean corporate clients.

The strategic alliance means that DBS and Kexim will exchange information, cooperate on infrastructure projects and second...

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