What are the synergies between the two banks if the merger with OUB goes ahead
We believe the transaction is value-enhancing. Number one, we believe we at DSB have a strong track record in market consolidation, as well as integrating operations throughout the region. We know we can extract significant cost savings. Secondly, the transaction brings a lot of non-core assets and I think DBS has demonstrated that in Singapore, we have the capability and discipline to unleash unrealised gains and redeploy it for shareholders. In the last 24 months we have monetized $2 billion of DBS assets. So, with all humility, no bank in Singapore has our track record, both in monetizing assets...
