Improved Singapore banking market could generate finance posts

An economic rebound in Asian markets means that "the outlook for Singapore banks in 2010 has improved".

This is according to a report by Reuters, which suggested that an expected fall in bad debt charges and strong growth in capital markets activity will help to boost the sector.

Additional banking jobs in Singapore are likely to result from an upturn and the statement by the news source comes after DBS Group revealed that its net profit over the fourth quarter of 2009 expanded by 67 per cent year-on-year to SGD$493 million (£222 million).

Latest data from the company was substantially in excess of analysts'' predictions collected by Reuters, something that may be of note to those interested in compliance jobs.

Full-year net earnings for the Singapore-based bank were SGD$2.06 billion, remaining stable when compared to the previous year''s results.

"We were able to take advantage of the global financial shakeup to gain market share in areas such as equity and debt fund raising, lending and trade finance," company chief executive Piyush Gupta explained.