DBS

Virus outbreak a wild card for Singapore banks' bad loan buffers

SINGAPORE banks have guided on the size of provisions that can cover the impact from the Covid-19 outbreak ahead, but analysts say the lenders may have to stomach more if the disruption to supply...

More Singapore insurers enhancing coverage with free Covid-19 protection

FINANCIAL institutions in Singapore are beefing up efforts to support customers in the area of free insurance coverage amid the Covid-19 situation. This includes diagnosis benefits, hospitalisation...

Singapore banks to see loan growth rate halved this year from coronavirus: Fitch Solutions

[SINGAPORE] Singapore banks' loan growth will slow to 1.5 per cent in 2020, down from 3.1 per cent last year, given the stiff economic headwinds facing Singapore from the coronavirus (Covid-19)...

DBS outperforms in Q4; hunkers down to tackle impact from virus outbreak

SINGAPORE'S largest bank opened the results season for the local trio on Thursday with its prognosis of the impact of the novel coronavirus (Covid-19) on its earnings ahead.

DBS sees 1-2% revenue impact in 2020 on Covid-19 outbreak

DBS Group chief executive officer Piyush Gupta said that the bank is expecting a revenue impact of around 1 to 2 per cent in 2020, with specific provisions potentially to rise by a few basis points...

200 DBS staff vacate MBFC after case confirmed

DBS on Wednesday sent home dozens of employees as a precaution after one of its staff working at the bank's main Marina Bay Financial Centre (MBFC) office was found to be infected with the novel...

Under 200 DBS staff sent home after MBFC employee found to have Covid-19

DBS on Wednesday confirmed that one employee working at the bank's main Marina Bay Financial Centre (MBFC) office has been infected with the novel coronavirus.

Virus outbreak to take centre stage at local banks' FY19 results briefings

THE focus of the upcoming Singapore banks' results will likely centre on the impact of the deadly novel coronavirus outbreak, with global growth expected to slow as China - the world's second...

Life after Permata: What's next for Singapore banks in their M&A strategy?

SINGAPORE'S Big Three banks are likely to persist in their quest for growth in the coming year through potential mergers and acquisitions (M&A), even as OCBC and DBS recently bowed out of the...

Financial institutions hike fees, lower fixed deposit rates

BANKS have been hiking fees - a move that could help cushion the expected compression in their interest income - as analysts expect fee income contribution to rise for local banks.

OCBC, DBS take top two spots in regional sustainable finance league table

OCBC Bank and DBS Bank have placed first and second in Bloomberg's 2019 mandated lead arranger (MLA) league table for green loans and renewable energy loans.