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25% of DBS SME clients still deferring repayments on loans amounting to $1 billion


The Straits Times
DBS Group reported a 33 per cent plunge in fourth-quarter earnings to $1.01 billion.PHOTO: ST FILE
PublishedFeb 10, 2021, 8:44 pm SGT
https://str.sg/JrrE
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including the ST News Tablet worth $398.
Let s go! ....

Chng Sok Hui , Piyush Gupta , Eugene Tarzimanov , Moody Investors Service , Lakshmi Vilas Bank , Mrs Chng , Investors Service , Banks And Financial Institutions , பியூஷ குப்தா , மனநிலை முதலீட்டாளர்கள் சேவை , லட்சுமி விலாஸ் வங்கி , முதலீட்டாளர்கள் சேவை , வங்கிகள் மற்றும் நிதி நிறுவனங்கள் ,

With worst behind, DBS gets ready for what comes next, normalcy or not


Singapore’s largest bank has history and geography both aligned in its favor. Its strategy is nimble, balance sheet healthy, and the lending landscape as promising as last year’s was gloomy. With a little luck, DBS Group Holdings Ltd. will exude strength when it meets upcoming virtual challengers.
The lender’s fourth-quarter results don’t really give a glimpse of what to expect. Net income fell 33 per cent from a year earlier to S$1.01 billion ($762 million), missing the average analyst estimate in a Bloomberg News poll. Credit costs stayed elevated at S$577 million, broadly unchanged from the previous three months. With this, however, DBS has made full-year loan-loss provisions of slightly more than S$3 billion, matching the lower end of the two-year S$3 billion to S$5 billion hit it had anticipated from Covid-19. ....

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Broker's take: CGS-CIMB upgrades SATS to 'add' with higher S$4.30 TP

Broker's take: CGS-CIMB upgrades SATS to 'add' with higher S$4.30 TP
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

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