Dbs Group Holdings Stock News

SINGAPORE: DBS Group reported a 37 per cent rise in quarterly profit, supported by an improvement in asset quality at Southeast Asia''s largest bank and flagged strong business momentum as pandemic-hit economies bounce back. Singapore banks are expected to be big beneficiaries of rising interest rates while

DBS Group reported a 37% rise in quarterly profit, supported by an improvement in asset quality at Southeast Asia''s largest bank and flagged strong business momentum as pandemic-hit economies bounce back.

DBS Group Holdings Ltd., Southeast Asias largest lender, posted a rise in fourth-quarter profit, boosted by higher loan growth and increased fee income.

DBS Group reported a 37% rise in quarterly profit, supported by an improvement in asset quality at Southeast Asia's largest bank and flagged strong business momentum as pandemic-hit economies bounce b

RHB on Tuesday (Feb 8) maintained a "buy" call on DBS with a target price of S$40.40, after the bank was directed by the Monetary Authority of Singapore (MAS) to set aside an additional S$930 million in regulatory capital following the prolonged disruption of its digital banking services last November.

DBS Group, Southeast Asia''s largest bank, has agreed to buy Citigroup''s (C) consumer banking business in Taiwan - Reuters.DBS said it will pay cash for the net assets of Citi''s

DBS Group Holdings Ltd (DBSDY) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passe

A deal to sell Citigroup''s (C) Taiwan consumer bank to Singapore-based DBS (DBSDF) (DBSDY) for ~$2B could be announced by the end of January, the Wall Street Journal reports, citing

The firm said the transition is «an important part of the future strategy and development of the company.» Walter de Oude , deputy chairman and executive director of Aviva Singlife, will take on a new role as founder director a non-independent and non-executive role, from 1 January 2022, the firm announced on Friday. De Oude relinquished his role as interim CEO earlier this year, when the firm hired financial services industry and longtime DBS manager Pearlyn Phau as group CEO. Singlife, formerly Singapore Life, was founded by De Oude in 2014 as a digital insurer focused on high net worth individuals. It was approved as a fully licensed direct life insurer by the Monetary Authority of Singapore in June 2017, and in 2018 acquired Zurichs Singapore life business. In 2020, it merged with Aviva in a deal valued at around $2.35 billion . Strengthened Team «We are on track to complete the merger in January 2022 and focus on transformation and growth going ahead,» Phua said in the notice .

HONG KONG, Dec 17, 2021 - (ACN Newswire) - Demonstrating organizational agility, leadership transformation and a high level of employee engagement, DBS and Hilti have been named as 2021 Best Employers in Hong Kong, according to Kincentric''s premium assessment that identifies organisations who demonstrate outstanding people practices and workplace excellence. Employee Engagement, Organisational Agility, Engaging Leadership and Talent Focus were the key attributes assessed. Kincentric identifies Best Employers that are in the Top Quartile and research shows that excelling across these four areas leads to better business results. According to Kincentric''s insights, the Hong Kong''s Best Employers are 24%* stronger on Employee Engagement, 26%* better on Organisational Agility, 19%* committed on Engaging Leadership and 27%* focussed on Talent. This clearly demonstrates a high level of decisive and agile people centric business decisions that these organisations have had to take through the pandemic.

Singapore-based major payment institution FOMO Pay announced that it will be joining as a member of the DBS Digital Exchange (DDEx). FOMO Pay was recently granted a Digital Payment Token The post FOMO Pay Joins DBS Digital Exchange for Merchants to Accept Crypto Payments appeared first on Fintech Singapore .

DBS Bank will extend the custodian services to enable FOMO Pay to equip merchants to accept crypto payments in a safe manner FOMO Pay is among the first Digital Payment Token licensees to join DBS Digital Exchange (DDEx) SINGAPORE , Dec. 14, 2021 /PRNewswire/ -- Singapore -based major payment institution FOMO Pay, which was granted the first Digital Payment Token (DPT) Service license by the Monetary Authority of Singapore (MAS), today announced joining as a member of the DBS Digital Exchange (DDEx). FOMO Pay is among the first DPT licensees to join the digital exchange as a member and will collaborate with DDEx to enable merchants in Singapore to accept cryptocurrency (crypto) payments from consumers. At this year''s Singapore Fintech Festival, MAS'' Managing Director Ravi Menon in his speech said that the central bank is carefully studying the economic merits and implications of a retail centralised banking digital currency (CBDC) in the Singapore context. He cited that a digital Singapore dollar could possibly foster an efficient and inclusive payment ecosystem where it would be easier for smaller firms to build new payments and related digital services.

BNP Paribas, China Construction Bank (Asia), DBS, MUFG, Societe Generale and Standard Chartered have all joined the iLex platform to “accelerate the digitization of corporate loan markets.” The 6 global syndicated loan book runners are joining iLex as partner banks in order to support “innovation… Read More

ASCOTT RESIDENCE TRUST ( SGX:HMN ) BRC ASIA LIMITED ( SGX:BEC ) CIVMEC LIMITED ( SGX:P9D ) COMFORTDELGRO CORPORATION LTD ( SGX:C52 ) FRASERS LOGISTICS & COMMERCIAL TRUST ( SGX:BUOU ) Singapore Stock Alpha Picks (Dec 2021) - Removing Sea, iFAST & Our Tactical Short On DBS OCBC, Adding Sembcorp Marine, BRC Asia Our Alpha Picks portfolio outperformed the STI, declining 4.1% m-o-m vs the latters drop of 4.9%. For Dec 21, we have removed our short-term tactical call to short DBS (SGX:D05) and OCBC (SGX:O39) , and also removed Sea and iFAST (SGX:AIY) . Additions to the portfolio are Sembcorp Marine (SGX:S51) where we believe the risk/reward has become compelling, and BRC Asia (SGX:BEC) which is a proxy to Singapore infrastructure spending and reopening. Continue Reading »

The borrowing is split into a $250m six-year term loan, a $150m working capital facility and a $460 million five-year bank guarantee facility. ANZ and MUFG took $70m each of the term loan, while DBS and HSBC took $40m apiece. Credit Agricole was allocated $30m, the RIL said