DBS
DBS is a Singaporean multinational banking and financial services corporation offering services in consumer, SME and corporate banking activities across Asia and the Middle East.
See below for the Latest DBS News, Analysis, Profit Results, Share Price Information, and Commentary.
Headline expectations down 3.8% in December 2022: experts
But it is still higher than the average since 2011.
Headline expectations down 3.8% in December 2022: experts
But it is still higher than the average since 2011.
Daily Markets Briefing: STI up 0.88%; ThaiBev led the index
ThaiBev, Frasers L&C, and DBS were top stocks.
AI, big data amongst trends in banks: Maybank
Investments in AI are at an accelerating pace for DBS, UOB, and OCBC.
Banks in the Lion City have been deploying AI and big data at an accelerating pace, analysts from Maybank said.
Amongst the banks that are investing in these technologies are DBS, OCBC, and UOB.
For instance, DBS allocated $1b annually for the past four years. In fact, the bank sent out 30 million personalised insights to 3.5 million customers.
Another bank investing in such tech is UOB, which sought to spend $500m to scale digital offerings until 2026, on top of the average $535m spent on technology yearly in the past four years.
OCBC also made its technological investments such as the AI lab it already launched in 2019.
“These investments are now reaching commerciality, enabling the banks to leverage customer data and relationship-driven insights,” read the report.
What these advancements are doing is to allow banks to leverage customer data as well as relationship-driven insights.
For example, in retail banking, it is initially translating into serving up personalised product offerings including discounts and targeted deals.
The advanced tech also offers customised insights on customer spending habits and automated assistance on payments and subscriptions are becoming standard offerings on their digital apps.
Analyst sees banking ROE improvement due to NIM expansion
RHB said there will be tailwinds from hikes in federal funds rate.
DBS to launch IATA Pay in Hong Kong, Indonesia, Singapore
Airlines can access up to US$20b in savings from payment processing fees.
DBS extends $23m grant money to 23 enterprises
Of this, 8 were small and medium enterprises.
DBS Bank, J.P. Morgan partner to develop retirement proposition customers in SG
This will be for the five million DBS/POSB customers.
Daily Markets Briefing: STI down 0.1%; Yangzijiang Shipbuilding is top stock
Yangzijiang Shipbuilding was the top active stock with a 2.92% increase.
DBS completes intraday repo transaction on a blockchain-based network
Repo transactions will finish within hours instead of one to two days.
Daily Markets Briefing: STI up 0.61%; Sembcorp Industries is top stock
Sembcorp Industries was the top active stock with a 5.17% increase.
Perennial Holdings clinches S$3b green loan for 8 Shenton Way redevelopment
It is the world’s largest real estate green loan in Asia to date.
China’s steps to reopen will uplift some Singapore-listed stocks
The Chinese government is looking to slowly ease its travel restrictions.
Interest rates will be Singapore banks’ boon and bane through 2023: analyst
It’ll benefit them over the next three quarters, but asset quality may deteriorate after.
DBS Group’s net profit jumps 32% YoY to $2.24b in Q3
Its total income grew 28% to $4.54b.
Daily Markets Briefing: STI up 1.57%; Keppel Corp on top
Keppel Corp led the index with 4.66% gains.
Daily Markets Briefing: STI up 0.81%; Keppel DC Reit is on top
Keppel DC Reit topped the index.
Green goals or business growth? Majority of SMEs find it hard to balance both
It is businesses’ top obstacle to shift to sustainable business models.