Here's DBS' next move after its failed Danamon deal

Focus on organic expansion, says bosses.

According to CIMB, on the topic of the failed PT Danamon deal, CEO Piyush Gupta said DBS will redouble its efforts to grow organically in Indonesia after it abandoned its bid to buy a controlling stake in Bank Danamon. The CEO remains very bullish on Indonesia.

Here's more:

DBS has refrained from putting more resources in its relatively small network (39 branches in 11 cities) in the past year, because it believed the deal could go through. DBS will now accelerate its own organic expansion plans.

It has already put some work on expense management and credit management in Indonesia; and that has enabled Indonesia to deliver a 20% topline growth and much higher profit growth, albeit from a small base.

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