management overlay

With resilient revenue sources, and lower allowances, DBS's earnings in FY2021 could recover to FY2019's

Regardless the increase in operating profit for Oversea-Chinese Banking Corp (OCBC) or the resilient performance of United Overseas Bank’s (UOB) regional subsidiaries or the strength of DBS Group Holdings’ net interest income and non-interest income;

The three local banks have taken slightly different approaches to pro-visioning and dividends. Credit costs are allowances or provisioning for both impaired and non-impaired loans. The relationship between how these allowances are cal