By Grace Ng, Finance Correspondent

DBS GROUP Holdings is aiming to double its Taiwan unit's revenues and assets over the next three years in a bid to become one of the top three foreign lenders in Taiwan's competitive market.

It also plans to augment the unit's staff by 10 per cent to support growth. DBS currently has 40 branches and 950 employees in Taiwan. It acquired the viable bank assets of ailing local lender Bowa Commercial Bank earlier this year.

DBS group chairman Koh Boon Hwee and chief executive Richard Stanley were in Taiwan yesterday for the launch of the bank's expanded presence.

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