Local banks step up to help Singapore SMEs go global


Singapore SMEs looking to expand overseas typically open business accounts with of the three big banks – DBS, OCBC or UOB.

Local banks step up to help Singapore SMEs go global

Ovais Subhani

SINGAPORE – When a small and medium-sized enterprise (SME) decides to take its first step outside the country, it will look for a bank where it can open a business account that offers management of its cash flows, both within the new jurisdiction and across the border.

For a Singaporean SME, that bank would typically be one of the three big ones – DBS, OCBC or UOB. Hence, for the Government’s internationalisation push to succeed, the readiness of these banks to serve cross-border business expansion is crucial.

Please subscribe or log in to continue reading the full article.

Get unlimited access to all stories at $0.99/month

Latest headlines and exclusive storiesIn-depth analyses and award-winning multimedia contentGet access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

Subscribe now

*Terms and conditions apply.

Join ST’s Telegram channel here and get the latest breaking news delivered to you.


Leave A Reply

Your email address will not be published.