DBS' earnings growth to decelerate at a faster rate

25 Oct 2012 - Singapore Business Review
Net interest income will suffer too. According to Barclays, net interest income could disappoint due to broad-based margin compression (both domestically in Singapore and in Greater China), and slowing corporate lending and cross-border trade business. Here's more from Barclays: The proposed acquisition ...
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DBS agrees to sell half of its shares in a large Philippine bank

12 Oct 2012 - Singapore Business Review
Check out what's the next move for DBS. DBS has agreed to sell part of its 20.3% stake (10.4%) in The Bank of the Philippine Islands (BPI) to Ayala Corp, Philippines’ oldest and largest conglomerate with businesses in real estate, financial services and telcos etc. Total cash consideration will be ...
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DBS' newest strategic alliance revealed

25 Sep 2012 - Singapore Business Review
DBS will now work with Export Import Bank of Korea in infrastructure and project financing. According to a release, DBS Bank and the Export Import Bank of Korea (KEXIM) signed a Memorandum of Understanding (MOU) to deepen cooperation in infrastructure and project financing. The strategic alliance will ...
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Standard Chartered to slowly 'chip away' at DBS' advantage

24 Sep 2012 - Singapore Business Review
DBS remains the 'king of savings deposits,' says CIMB. Here's more from CIMB: DBS has the largest S$ deposit base in Singapore, thanks to its acquisition of POSB in 1998 and its huge ATM and branch network. We think that its recent fixed deposit rate hike is more likely a move to stem fixed deposit outflow ...
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Here's why DBS is more profitable than Barclays

4 Sep 2012 - Singapore Business Review
That is despite having only half the equity leverage of Barclays. According to Nomura, though DBS is a significantly smaller banking group than Barclays, it is significantly more profitable as measured in terms of ROA and ROE, supported by better trajectories for key ratios such as cost income and loan ...
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Check out this downward trend in DBS' performance

24 Aug 2012 - Singapore Business Review
Its creditworthiness is threatened, warns Moody's. Moody's explained: DBS remains a very strong credit with its B/aa3 standalone rating, among the highest assigned to any financial institution globally. This rating is driven by the bank's leading domestic franchise and strong balance sheet, including ...
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DBS beats OCBC, UOB as World's Safest Banks in Asia

17 Aug 2012 - Singapore Business Review
These Singaporean banks dominated the top three spots in the list. According to Global Finance magazine's Wordl's Safest Banks 2012 in Asia Winners were selected through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide. ...
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Here's how OCBC's weak 2Q performance bolsters DBS and UOB's position

17 Aug 2012 - Singapore Business Review
DBS and UOB hit new 52-week highs this week. Here's more from Nomura: Sing banks “delivered” on our expectations of subdued 2Q results i.e. downward revisions to full-year loan growth guidance (from low-mid teens, to high single digit-low teens), weaker NIM (significant downward revisions to FY12 y-y ...
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DBS' liquidity not yet a concern: CIMB

13 Aug 2012 - Singapore Business Review
But it is gradually diminishing as one of the positives of the DBS franchise, warns the analyst. Here's more from CIMB: DBS expects 2012 loan growth to be ~10% vs. low-teens guidance earlier the year. 2Q margin pressures have specifically come from China, because of interest rates liberalisation. This ...
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Fraser & Neave's beer still bubbling: DBS

13 Aug 2012 - Singapore Business Review
Earnings from breweries rose by a record 34% to S$112m. According to DBS, 3Q12 core net profit increased by a meager 2% y-o-y to S$136m, while revenue grew by 4% to S$1.43bn. Here's more from DBS: Results were short of our expectations arising from slower revenue recognition from property development ...
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