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 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...