DBS expects further revenue hit as Covid-19 causes loans to sour

Singapore-based DBS is monitoring its loan portfolios very closely while continuing to conduct stress tests, said Tan, who oversees corporate clients. "The key here is to stay with the clients, watch everyone’s positions and make sure everyone is OK.”

SINGAPORE: DBS Group Holdings Ltd. signaled that its expected 2% revenue hit from the Covid-19 coronavirus may be revised as the pandemic causes loans to sour.

"This is a moving target, ” the bank’s head of institutional banking Tan Su Shan said when asked about the projection in a Bloomberg Television interview in Singapore on Thursday. "We are living day by day, week by week right now.”