by Amruth Sundarkumar | Apr 29, 2022 | Banks, Singapore Dollar Bonds
DBS reported a 10% YoY fall in Q1 2022 net profits to S$1.8bn. DBS said that higher base effects for wealth management and treasury markets activities last year was one of the reasons for the dip in profits. Total income fell 3% YoY to S$3.75bn, of which, net interest...
by Megha Malhotra | Feb 8, 2022 | Banks, Singapore Dollar Bonds
The Monetary Authority of Singapore (MAS) imposed an additional regulatory capital requirement of S$930mn on DBS, asking them to apply a 1.5x multiplier to its risk-weighted assets (RWAs) for operational risk. Business Times reports that as per DBS’s results...
by Amruth Sundarkumar | Jan 28, 2022 | Banks, Singapore Dollar Bonds
Singapore’s DBS has bought Citigroup’s Taiwan consumer banking assets in a move to improve its presence in the Southeast Asia region. DBS said it will pay cash for its net assets along with a premium of S$956mn ($707mn), funded by excess capital. DBS...
by Amruth Sundarkumar | Nov 5, 2021 | Banks, Singapore Dollar Bonds
Singapore’s largest bank DBS reported strong results with Q3 net profit up 31% YoY at S$1.7bn ($1.26bn), beating estimates of S$1.6bn ($1.2bn). 9M 2021 net profits also rose 46% to a record S$5.41bn ($4bn). Net interest income was up 1% QoQ to S$2.1bn ($1.55bn)...
by bondevalue | Apr 30, 2021 | Investment Grade Bonds, Singapore Dollar Bonds
Singapore lender DBS reported quarterly net profits of over S$2bn ($1.5bn) for the first time in its history, up 72% YoY, citing strong business momentum and stabilizing asset quality. NIMs were unchanged at 1.49% and net fee income rose 15% YoY to S$953mn ($719mn)...
