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.
Tom McCabe, DBS
Tom McCabe, 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 large SMEs with $100 million to $1 billion in sales, which are growing at 30% a year, and which are rapidly expanding into Asia and increasingly into Europe and the US. And they...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222