DBS Group Holdings is reportedly keen on buying Coutts International, the non-UK private banking business of the Royal Bank of Scotland (RBS), according to The Business Times.
Last month, RBS hired Goldman Sachs to seek potential buyers in the sale of Coutts International.
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Piyush Gupta, CEO of DBS, said: "We will take a look at Coutts when it comes on the block."
RBS decided to quit the international business following a review of the HNW business.
However, the bank’s private banking UK will continue to remain as its core business and will not be sold.
For the quarter ended 30 September 2014, Coutts’ operating profit was down 9% to £64m from £70m compared to the previous quarter driven by higher restructuring costs. The unit’s adjusted operating profit declined by 3% to £71m.
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