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 | 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 Amruth Sundarkumar | Aug 5, 2021 | Banks, Singapore Dollar Bonds
Singapore’s DBS reported a 37% YoY jump in Q2 net profits to S$1.7bn ($1.3bn). For H1, net profits rose 54% YoY to S$3.7bn ($2.7bn). Profits were helped during the first half of the year by record fee income and Treasury Markets trading income of S$1.82bn ($1.35bn)...
by bondevalue | Apr 21, 2021 | Banks
Singapore’s largest lender DBS bought a 13% stake in Shenzhen Rural Commercial Bank (SZRCB) for S$1.08bn ($800mn), marking its biggest acquisition in China yet. The acquisition is part of its acceleration plans in China’s Greater Bay Area and comes after Beijing...
