Bahren Shaari on Singapore

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Last quote by Bahren Shaari on Singapore

The cost to income ratio: the big banks are still running at the high 70s, in some cases 80s. Why is it that a large operation doesn't give you efficiency? My view is it's the complexity of the business – you cannot industrialise it, you cannot centralise to the point that it's controlled by central location. You still need a strong on the ground presence, we are keeping [the cost to income ratio] at 65 which is much lower.feedback
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Dec 18 2016
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