What’s going to save DBS from its weakening non-interest income?

The bank’s long-term growth remains hazy.

Despite hitting a milestone in NIM, reaching its highest in four years, DBS’s net fee income fell by 11.2% due to market volatility, raising a huge red flag for one of Singapore’s largest banks.

According to KGI Fraser, the bank’s wealth management and brokerage businesses sustained a sizeable hit from the volatile market, raising issues on the bank’s long-term growth.

However, analysts from KGI Fraser say DBS should weather the storm quite well due to its multiple business segments.

“We believe DBS’s multiple business drivers should continue to drive the bank’s growth as it navigates through the regional slowdown,” KGI Fraser said.

Meanwhile, DBS’s results were at par with expectations, as net profit rose by 5.8% to $1.06b.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley