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DBS’ fastest growing unit is commodities financing: CEO

Posted on 18 October 2012

DBS’ commodities financing is its fastest growing business, said Piyush Gupta, the bank’s chief executive on Wednesday. The bank’s commodity financing book is now close to S$25 billion, making it the “fastest growing portfolio in our book right now”, Mr Gupta said.
“It was about S$1 (billion) to S$2 billion two years ago,” he said. DBS has been able to gain rapid market share in the commodities financing business as the traditional providers like Rabobank and some French banks are good in the financing part but not in risk management, he said………………………………………..Full Article: Source


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