Singapore’s largest lender DBS Group reported a record full-year profit for 2021, and its CEO Piyush Gupta told CNBC last year was “one of the best years” he’s seen. “That has been a solid year, perhaps one of the best years I’ve seen in a long time. And that includes a very robust growth in the balance sheet,” Gupta told …
A Citibank branch in New York, U.S., on Friday, Jan. 7, 2022. Victor J. Blue | Bloomberg | Getty Images Citigroup will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam to Singapore’s United Overseas Bank, the banks announced Friday. As part of the deal, UOB said it will acquire Citi’s unsecured and secured lending portfolios, wealth management …
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Goldman Sachs has updated its Asia stock picks across a number of themes including climate change and a commodity “supercycle.” Here are 20 of its favorites. Source link
The building of DBS, Singapore’s largest bank, at the city state’s central business district. Suhaimi Abdullah | Getty Images News | Getty Images SINGAPORE — Singapore’s largest bank, DBS Group Holdings, posted third-quarter earnings that beat analysts’ estimates as its chief executive flagged improving business conditions in the months ahead. The bank on Friday reported a net profit of …
View of the Singapore Central Business District. Suhaimi Abdullah | Getty Images News | Getty Images SINGAPORE — Shares of Singapore’s top banks jumped in the lead-up to their third-quarter earnings this week as the global economic recovery gains momentum. OCBC and UOB are scheduled to kick off third-quarter earnings season for Singapore-listed banks on Wednesday, while DBS is expected …
Shares of the Singapore banking trio DBS, OCBC and UOB have beaten the benchmark Straits Times Index so far this year. Source link
DBS Group Holdings in the central business district of Singapore. Nicky Loh | Bloomberg | Getty Images SINGAPORE — DBS Group Holdings, the largest bank in Singapore and Southeast Asia, reported on Thursday second-quarter earnings that beat expectations as the economic recovery in its home market takes hold. The bank’s net profit for the April-to-June quarter jumped 37% from a …
Aerial view of Singapore’s central business district and bayfront area. BNBB Studio | Moment | Getty Images SINGAPORE — Singapore’s top three banks are due to report second-quarter earnings this week, and investors will be watching for any announcements on dividend payments. Oversea-Chinese Banking Corp and United Overseas Bank will report earnings on Wednesday, while the country’s largest bank DBS …
Automated teller machines of the three Singapore-listed banks: OCBC, DBS and UOB. Munshi Ahmed | Bloomberg | Getty Images SINGAPORE — Shares of Singapore’s top three banks rose Thursday after the country’s financial regulator lifted a cap on dividend payouts that was implemented following the Covid-19 pandemic. Singapore’s largest bank DBS Group Holdings climbed around 0.6% in early trade, while …
