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  • Citi’s Singapore group of offshoots reported combined profits of more than $S800 million ($594 million) for the calendar year 2016. In investment banking, Citi Singapore got 14 deals away in the year to March 31, six in M&A deals worth $8 billion, five big equity deals to raise $2.3 billion and three debt-raisings totalling $2 billion.
  • True to its roots in seeding small businesses for Singapore’s diaspora communities, OCBC continues to go after emerging businesses on the island. Its Business Growth Account and Business Entrepreneur Account are its flagship products for start-ups and growing SMEs.
  • Citi nobly says that “citizenship is core” to its mission in Singapore. To that end, its has been a strong advocate of financial literacy and youth development programmes since 2002.
  • DBS has become a private banking power in southeast Asia, after an acquisition spree. Through 2016-17, it has integrated the regional private banking business it bought from Société Générale in 2014, and is doing the same with the ANZ wealth management businesses it purchased in 2016.
  • Digitise or perish, says DBS Bank, and Singapore’s largest bank has backed up its rhetoric by aiming to become an Asian fintech hothouse. It has renovated a 16,000 sq ft space on the island and called it DBS Asia X, filling it with funky ‘project pods’ and spaces to attract, as it describes, ‘the best and brightest FinTech startups’.
  • Just as Singapore’s biggest bank starts to ramp up its acquisitorial push into private banking across Asia, its operation in Jakarta is tapping into an unexpected bonanza in Indonesia.
  • After seven years as DBS boss, Piyush Gupta could be excused for scratching his head in frustration. In August, he brought home another record net profit for DBS of S$2.35 billion ($1.75 billion) for the first half of 2017.
  • With a team of 60 bankers in Singapore covering equity and debt capital markets, along with mergers and acquisitions, Credit Suisse has again topped the tables for dealflow in the city-state.
  • With its 15 million customers, 1,200 branches and more than 17,200 ATMs, Bank Central Asia (BCA) is the largest privately-owned bank in Indonesia, and the third biggest as measured by assets, loans and deposits, after the state-owned duo Bank Mandiri and Bank Rakyat Indonesia (BRI).
  • When it comes to the investment banking league table in Indonesia, there’s Credit Suisse and then there’s daylight. In 2016-2017, it was first in equity capital markets, first in mergers and acquisitions, and first in non-sovereign loans. The only big table it did not top was sovereign loans, where it was sixth behind leaders HSBC and Deutsche Bank among others.
  • A rare glittering star in Indonesia’s fading state-owned corporate firmament, Mandiri is well-placed to service the country’s emergent small and medium-sized enterprises, with authorities channeling subsidies and advantages to the grassroots via Mandiri’s nationwide network.
  • DBS has been in Indonesia since 1989, in a country where being from Singapore has not always been popular with the business and political classes. So it has been a slow burn for DBS in building up a full-service operation across the islands.