DBS leverages on presence in Asia to drive transaction banking capabilities
DBS’ ability to advance its interests much sooner than its peers through superior product sophistication has helped placed the bank’s global transaction services in a position of strength.
As Europe and the US continue to battle high unemployment rates and a sluggish economy, Asia's exports, on the other hand, have been growing steadily since Q1 2011, hitting a monthly high of US$375 billion. Although the region's GDP growth have slowed in Q2 2012, Asia is expected to match US’ GDP volume by 2016, and surge to 118% of US' GDP by 2020. This is mainly due to the strengthening of foreign exchange rates in Asia leading to larger buying power; in turn resulting in the creation of jobs and stronger economies.
Trade finance is also seen as helping companies decrease risks such…
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Categories: Cash, Treasury & Trade
, Trade Finance
, Transaction Banking
Keywords: Foreign Exchange Risk
, BNY Mellon
, Tom McCabe