What you need to know about DBS' reported purchase of Bank Danamon

27 May 2013 - Singapore Business Review
Bank Indonesia approved 40% stake sale. According to CIMB, newswires came through saying that Bank Indonesia (BI) has approved a 40%-stake sale of PT Bank Danamon to DBS. It also says that BI will continue to negotiate with MAS and may allow DBS to buy all of Temasek’s stake in Danamon if certain conditions ...
sgx:d05

---

Reciprocity issue mars DBS greenlight to purchase Bank Danamon stake

22 May 2013 - Singapore Business Review
Making it harder to gain controlling interest. According to Maybank Kim Eng, while the recent green light given to DBS to acquire a 40% stake in Bank Danamon is a longterm positive, the full beneficial impact of the deal is being muddled by roadblocks to possibly gaining controlling interest in the Indonesian ...
sgx:d05

---

DBS Bank crowned best Singapore subcustodian bank

15 May 2013 - Singapore Business Review
But StanChart rules Asia-Pacific region. In a release, Global Finance magazine has unveiled its eleventh annual ranking of the “Best Subcustodians,” anointing DBS Bank as the best subcustodian bank for Singapore in 2013. But when expanding the scope to the greater Asia-Pacific region, Standard Chartered ...
sgx:d05

---

3 Things You Should Know About UOB

13 May 2013 - The Motley Fool Singapore
United Overseas Bank (SGX: U11) commonly known as UOB, is one of Singapore’s leading banks. It has 68 branches in Singapore and 500 offices in 18 countries in the Asia Pacific, North America, and Western Europe. The Bank operates in four segments: Personal Financial Services, Institutional Financial ...
sgx:o39 sgx:u11 sgx:d05

---

Foolish Face-off: DBS vs. Wells Fargo

10 May 2013 - The Motley Fool Singapore
Welcome! The Foolish Face-off series helps us make simple comparisons between two companies with similar business operations. As an investor, such choices can be decidedly tougher than picking dim-sum over eggs benedict for breakfast and we hope to make life a little easier for you. This week, we’ll ...
sgx:wfc sgx:o39 sgx:brk-a sgx:d05

---

The Best Asian Stock Markets This Year

10 May 2013 - The Motley Fool Singapore
All the recent focus has been on the Dow Jones Industrial Index breaking through 15,000 points. There is no question that the US market has performed well again this year thanks to Federal Reserve chief Ben Bernanke’s continued fondness for printing money. But perhaps Bernanke was right when he defended ...
sgx:o39 sgx:u11 sgx:^sti sgx:d05

---

5 Things You Should Know About DBS

9 May 2013 - The Motley Fool Singapore
If you’ve ever searched for a bank ATM (Automated Teller Machine) in Singapore, you can’t fail to have noticed that the most prevalent are those of DBS (SGX: D05) and its sister bank, POSB. They’re everywhere! Founded in 1968 by the Singapore government and previously known as the Development Bank of ...
sgx:o39 sgx:u11 sgx:d05

---

DBS pops the champagne on 'splendid' 1Q13 performance

7 May 2013 - Singapore Business Review
Fee income hit historical high at $507m. According to UOB Kay Hian, DBS reported net profit of S$950m (+1.8% yoy, +34.4% qoq) for 1Q13, way above forecast of S$819m and consensus estimate of S$824m. Loan growth boosted by trade finance. Loans expanded 6.2% qoq driven by Singapore (+8.8% qoq) and Greater ...
sgx:d05

---

DBS shocks peers with 2 basis point expansion in net interest margin

6 May 2013 - Singapore Business Review
Everyone else is suffering 6bp dip. According to CIMB, despite peers experiencing a 6bp NIM decline in 1Q13, DBS bucked the trend by expanding NIMs by 2bp. While the yield on interest-bearing assets declined by 2bp in the quarter, DBS was able to lower funding costs (down 4bp) by taking advantage of ...
sgx:d05

---

How DBS beat peers in funding management game

3 May 2013 - Singapore Business Review
Net interest margin expanded by 2bp. According to CIMB, despite peers experiencing a 6bp NIM decline in 1Q13, DBS bucked the trend by expanding NIMs by 2bp. CIMB said that while the yield on interest-bearing assets declined by 2bp in the quarter, DBS was able to lower funding costs (down 4bp) by taking ...
sgx:d05

---