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Singapore leading banks top estimates in quarterly profit but flag caution in weak markets
Singapore lenders DBS Group and OCBC gave cautious outlooks this week after reporting 10% declines in quarterly profits amid weaker economic growth, though their performances still beat analysts' estimates.
Singapore bank DBS posts 37% rise in fourth-quarter profit
SINGAPORE: DBS Group reported a 37% rise in quarterly profit, supported by an improvement in asset quality at Southeast Asia's largest bank but the result was shy of market estimates.
Singapore’s DBS to buy Citigroup Taiwan consumer bank assets
SINGAPORE (Bloomberg): DBS Group Holdings Ltd agreed to buy Citigroup Inc’s consumer banking assets in Taiwan, as South-east Asia’s largest lender pushes ahead with plans to boost its regional presence.
DBS CEO says hard for digital banks to gain market share in Singapore
HONG KONG: Singapore's soon-to-launch online-only banks will find it hard to carve out space in the city-state's market, DBS Chief Executive Piyush Gupta told the Reuters Next conference.
DBS posts Q3 profit jump, Singapore banks flag recovery
SINGAPORE: DBS Group expects to report higher profit before allowances next year after Southeast Asia's largest bank beat estimates with a 31% rise in third quarter net profit, aided by growth in fee income and improving asset quality.
Citigroup Asia retail units set to attract DBS and StanChart
SINGAPORE: DBS Group Holdings Ltd and Standard Chartered Plc are among the lenders planning to bid for Citigroup Inc consumer banking assets in Asia as the US lender divests units across five markets in the region, according to sources.
Banks told to report exposure to troubled Evergrande
HONG KONG: Hong Kong’s central bank asked lenders to report their exposure to debt-laden China Evergrande Group on concerns over potential systemic risks to the region’s financial system, according to people familiar with the matter.
