DBS Group Holdings

Provisions will stay high across Singapore’s banks as they face net interest margin (NIM) compression and see non-performing loans rise amid low interest rates, say analysts. The reports come as the three banks posted declines in earnings for 2Q2020.

DBS Group Holdings has reported earnings of $2.41 billion for 1H2020, falling 26% y-o-y with an increase in general allowance owing to risks from the Covid-19 pandemic, In results released August 6.

DBS likes US tech stocks and S-REITs

DBS Group Holdings reported record earnings of $2.47 billion, up 20% y-o-y, as total income grew 13% to a new high of $4.03 billion for 1Q2020 ended March.

Say goodbye to savings accounts that barely give you adequate returns on your money, and hello to the ones with the highest interest rates.

Support by MAS will allow the local banks to mitigate risks to asset quality, says Phillip Securities Research.

As a result of MOH measures, Singapore Exchange Regulation (SGX RegCo) had earlier announced measures to give time extensions for companies with Dec 31, 2019 year-ends to hold their AGMs by June 30, 2020.

DBS is RHB's least preferred local bank

The company is considering listing the assets as a real estate investment trust as soon as by the end of this year, and could raise as much as $700 million, the people said.

SINGAPORE (Feb 21): The net investment returns contri­bution (NIRC) is expected to be the single largest contributor to Sin­gapore’s coffers this year under Budget 2020.