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Singapore's DBS Q4 profit falls 33% as loan allowances increase

Singapore's DBS Group reported on Wednesday a 33% drop in its fourth-quarter profit on the back of increased loan loss allowances in pandemic-hit markets. ....

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DBS Q4 profit falls 33% on higher allowances; CEO upbeat on outlook

For the full year, the bank's net profit dropped 26 per cent to $4.72 billion.. Read more at straitstimes.com. ....

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Singapore's DBS Q4 profit slides 33% on loan losses, upbeat on outlook

SINGAPORE: Singapore's DBS Group reported a one-third fall in quarterly net profit, in line with estimates, as it booked higher loan losses in . ....

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Max Estates leases 80,000 sq ft office space in Noida to Cyril Amarchand Mangaldas

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The complex with net leasable area of over 5.3 lakh square feet was built with an investment of Rs 600 crore
Max Estates leases 80,000 sq ft office space in Noida to Cyril Amarchand Mangaldas
ANI |
Updated: Feb 10, 2021 13:17 IST
New Delhi [India], Feb 10 (ANI): Max Estates, a subsidiary of Max Group s listed entity Max Ventures and Industries Ltd (MaxVIL), has leased about 80,000 square feet at its flagship grade A office complex Max Towers in Noida to Cyril Amarchand Mangaldas, one of India s leading legal firms.
Built with an investment of Rs 600 crore with a net leasable area of over 5. 3 lakh square feet, Max Towers is a 21-storey commercial office tower which provides an energy-efficient and green work environment, a technology-enabled smart workspace, and a vibrant food and recreation hub. ....

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DBS flags pick-up in growth led by wealth management, stable credit costs

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SINGAPORE (Reuters) - Singapore bank DBS Group painted an optimistic picture for 2021 as a pandemic-induced slowdown gives way to an improved business performance, driven by wealth management, while credit costs decline as government moratorium programs come to an end.
FILE PHOTO: A DBS bank signage is pictured in Singapore September 5, 2017. REUTERS/Edgar Su
On Wednesday, Southeast Asia’s biggest lender reported a 33% drop in net profit for the quarter ended December as benchmark interest rates plunged to historic lows and crimped margins, contributing to a 26% fall in full-year profit.
“DBS wrapped up a turbulent 2020 with a very strong balance sheet, supported by good asset quality, high capital and excess liquidity,” said Eugene Tarzimanov, a senior credit officer at Moody’s Investors Service. ....

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