DBS
DBS is a Singaporean multinational banking and financial services corporation offering services in consumer, SME and corporate banking activities across Asia and the Middle East.
See below for the Latest DBS News, Analysis, Profit Results, Share Price Information, and Commentary.
Why headline inflation will likely stay elevated in H2
Why headline inflation will likely stay elevated in H2
DBS expects full-year headline inflation to hit 5.8%.
DBS CEO Piyush Gupta earned 13.3% more in 2022
Gupta’s salary is S$1.5m in 2022, up from S$1.2m in 2021.
These banks will highly benefit from China’s early reopening
DBS and OCBC Bank will perform well this year.
Banks offer flexiwork, mentor programmes to uplift women’s careers
This International Women’s Day, we spoke with Singapore’s big three banks on how they are helping close the gender gap in their workforces.
Daily Markets Briefing: STI up 0.29%, DBS takes the lead
The top stocks are DBS, Sembcorp Marine, and UOB.
Major banks posted NIM expansion and strong growth in Q4 22
These banks delivered higher than expected dividends.
DBS names new group head of consumer banking, Singapore country head
She Tse Koon takes over from Sim S. Lim, who is retiring from executive duties.
High interest rates carry DBS to record net profit of $8.19b in 2022
Total income surpassed $16b for the first time in the bank’s history.
Daily Markets Briefing: STI up 0.05%; Emperador Inc. is most active stock
Philippine-based beverage firm led the index.
Daily Markets Briefing: STI down 0.46%; top active stock is SATS
SATS topped the index.
NIM moderated but still strong in Q4 22: UOBKayHian
Some banks posted 49% year-on-year growth
Singapore banks to report flattish Q4 22 earnings amidst slow global growth
NIMs will rise but the expansion could decelerate due to higher funding costs.
Daily Markets Briefing: STI down 0.41%; top stock is DFI Retail Group
DFI Retail Group is the outperformer.
Headline expectations down 3.8% in December 2022: experts
But it is still higher than the average since 2011.
Daily Markets Briefing: STI up 0.88%; ThaiBev led the index
ThaiBev, Frasers L&C, and DBS were top stocks.
AI, big data amongst trends in banks: Maybank
Investments in AI are at an accelerating pace for DBS, UOB, and OCBC.
Banks in the Lion City have been deploying AI and big data at an accelerating pace, analysts from Maybank said.
Amongst the banks that are investing in these technologies are DBS, OCBC, and UOB.
For instance, DBS allocated $1b annually for the past four years. In fact, the bank sent out 30 million personalised insights to 3.5 million customers.
Another bank investing in such tech is UOB, which sought to spend $500m to scale digital offerings until 2026, on top of the average $535m spent on technology yearly in the past four years.
OCBC also made its technological investments such as the AI lab it already launched in 2019.
“These investments are now reaching commerciality, enabling the banks to leverage customer data and relationship-driven insights,” read the report.
What these advancements are doing is to allow banks to leverage customer data as well as relationship-driven insights.
For example, in retail banking, it is initially translating into serving up personalised product offerings including discounts and targeted deals.
The advanced tech also offers customised insights on customer spending habits and automated assistance on payments and subscriptions are becoming standard offerings on their digital apps.
Analyst sees banking ROE improvement due to NIM expansion
RHB said there will be tailwinds from hikes in federal funds rate.
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