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.

NIM moderated but still strong in Q4 22: UOBKayHian

Some banks posted 49% year-on-year growth
5 days ago

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.

Headline expectations down 3.8% in December 2022: experts

But it is still higher than the average since 2011.

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.

DBS to launch IATA Pay in Hong Kong, Indonesia, Singapore

Airlines can access up to US$20b in savings from payment processing fees.

DBS extends $23m grant money to 23 enterprises 

Of this, 8 were small and medium enterprises.

Daily Markets Briefing: STI down 0.1%; Yangzijiang Shipbuilding is top stock

Yangzijiang Shipbuilding was the top active stock with a 2.92% increase.

DBS completes intraday repo transaction on a blockchain-based network

Repo transactions will finish within hours instead of one to two days.

Daily Markets Briefing: STI up 0.61%; Sembcorp Industries is top stock

Sembcorp Industries was the top active stock with a 5.17% increase.

Perennial Holdings clinches S$3b green loan for 8 Shenton Way redevelopment

It is the world’s largest real estate green loan in Asia to date.

China’s steps to reopen will uplift some Singapore-listed stocks

The Chinese government is looking to slowly ease its travel restrictions.

Interest rates will be Singapore banks’ boon and bane through 2023: analyst

It’ll benefit them over the next three quarters, but asset quality may deteriorate after.