DBS Taiwan reveals positive outlookBy Kao Shih-ching / Staff reporterDBS Bank Taiwan (星展台灣) has a positive outlook for its profitability this year in light of recovering consumption, increasing popularity of green loans and a booming wealth management business, DBS general manager Lim Him-chuan (林鑫川) said yesterday. The bank mainly offers loans to ground-mounted solar power plants and floating solar projects, he added. Loans to solar energy developers are often based on concrete projects and require expertise, Lim said, adding that the bank sends staff for training at the headquarters of DBS Bank Ltd in Singapore. “Over time, with more talent familiar with project financing, and more solar and offshore wind projects under development, Taiwan can become a regional hub for solar energy project financing,” he said. Although DBS Bank Ltd is reportedly bidding for parts of Citigroup Inc’s consumers business in Asia, Lim said that no decision has been made, adding that the Singaporean bank is open to any opportunity to increase efficiency.

Source: Taipei Times April 28, 2021 15:56 UTC