DBS says eyeing market share gains

DBS Group (DBSM.SI), Southeast Asia's biggest bank, is well-capitalised and plans to take advantage of opportunities to increase its market share as foreign banks retreat from Asia, its chairman said today, reported Thomson Reuters.
The remarks were a sign how DBS, like other Asian banks, is gunning for higher market share as battered Western rivals shun loan and debt deals.
DBS Chairman Koh Boon Hwee told shareholders at the bank’s annual general meeting that the capital-raising, such as the $4 billion rights issue DBS made in January, would enable it to expand its share in existing and newer markets in the region.

Source: The edge magazine, singapore