DBS sees wealth mgmt business growing in Taiwan

Forbes.com, 28 Jul 2009, Reuters
TAIPEI, July 28 (Reuters) - DBS Group, Southeast Asia's top bank, on Tuesday said it expects its wealth management assets in Taiwan to grow more than 10 percent by the end of 2009 on hopes the global economy will recover from its worst downturn.
DBS, which acquired distressed Taiwan lender Bowa Bank earlier in 2009, also said it would return to profit this year from a T$67 million ($2 million) pretax loss last year.
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