Piyush Gupta, the CEO of DBS. Singapore’s largest bank plans to invest in Shenzhen Rural Commercial Bank as it makes a bet on future growth in the Greater Bay Area. Photo: Reuters
Piyush Gupta, the CEO of DBS. Singapore’s largest bank plans to invest in Shenzhen Rural Commercial Bank as it makes a bet on future growth in the Greater Bay Area. Photo: Reuters

DBS buys 13 per cent stake in Shenzhen Rural Commercial Bank for US$814 million as it ‘doubles down’ on bay area

  • Deal positions Singapore’s biggest bank to increase presence in Greater Bay Area
  • Shenzhen Rural Commercial Bank operates one of the largest branch networks in Shenzhen, DBS says

Piyush Gupta, the CEO of DBS. Singapore’s largest bank plans to invest in Shenzhen Rural Commercial Bank as it makes a bet on future growth in the Greater Bay Area. Photo: Reuters
Piyush Gupta, the CEO of DBS. Singapore’s largest bank plans to invest in Shenzhen Rural Commercial Bank as it makes a bet on future growth in the Greater Bay Area. Photo: Reuters
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