DBS Group Holdings Ltd

DBS Group Holdings Ltd. is an investment company, which engages in retail, small and medium-sized enterprise, corporate, and investment banking services. It operates through the following business segments: Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others. The Consumer Banking/Wealth Management segment provides services including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products. The Institutional Banking segment offers financial services and products to institutional clients. The Treasury Markets segment deals with structuring, market-making, and trading across a broad range of treasury products. The others segment covers activities from corporate decisions and income and expenses not attributed to the business segments described. The company was founded in 1968 and is headquartered in Singapore.

DBS Group has continued to exceed analyst expectations, with both improved credit costs (lower provision expense) and pre-provision earnings outperformance.

The Recovery At DBS Group Is Underway, With Growth To Come

LOS ANGELES, Aug. 20, 2021 /PRNewswire/ -- Singapore-headquartered DBS Bank has been named one of the Best Places to Work in Los Angeles by the Los Angeles Business Journal (LABJ). This marks the first time that DBS has featured on the list, now in its 14th edition.

DBS Bank Named one of the Best Places to Work in Los Angeles!

DBS Group Holdings Ltd (DBSDF) CEO Piyush Gupta on Q2 2021 Results - Earnings Call Transcript

DBS Group Holdings' net profit for the April-to-June quarter jumped 37% from a year ago to 1.7 billion Singapore dollars ($1.26 billion).

Singapore's largest bank reports 37% on-year jump in second-quarter profit, beats expectations

Singapore's DBS Group Holdings reported a better-than-expected 37% rise in quarterly net profit on Thursday as Southeast Asia's largest lender benefited from broad-based loan growth and lower credit costs in its home market.

Singapore lender DBS second-quarter profit jumps 37%, beats market estimates

Asia's largest bank has moved to offer its wealthiest clients direct access to cryptocurrencies. What Happened: Singapore-based DBS Group Holdings Ltd (SGX: D05) announced they would allow its private banking clients to invest in Bitcoin, Ether, Bitcoin Cash, and XRP.

DBS Bank Singapore Launches Asia's First Direct Crypto Offering To Clients

DBS Group Holdings Ltd (DBSDF) CEO Piyush Gupta on Q1 2021 Results - Earnings Call Transcript

JPMorgan Chase announced it is teaming up with Singapore's DBS Group Holdings and Temasek Holdings to form a blockchain payments platform in a bid to ease cross-border payments, trade, and currency settlements. The newly-established technology company, Partior, will leverage blockchain technology and digitize M1 commercial money, according to a statement Wednesday.

JPMorgan teams with Singapore's DBS and Temasek to form a blockchain payment platform

Citigroup

Banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for parts of Citigroup's consumer business in Asia, people with direct knowledge of the matter told Reuters.

Exclusive: DBS, StanChart among potential bidders for Citi's Asia consumer business - sources

DBS closed a trade financing transaction valued in excess of $40,000 on AntChain's Trusple international trade and financial services system. The deal was closed for Singapore's iQuartz, which produces, fabricates and distributes “quartz stone” materials to clients in Singapore and the United States, according to a Monday (March 15) announcement.

DBS Conducts Trade Transaction On Trusple Blockchain System

Precious metals saw some positive news during Wednesday's trading session, which could help move silver prices out of their sideways consolidation phase and see ETFs like the Invesco DB Silver Fund (DBS) resume an upward trajectory. Precious metals investors will be keeping a keen eye on inflation.

Is a Silver Lining Materializing for Invesco's DBS ETF?

DBS Group has fared better than expected through this downturn, with bad debt levels comfortably below past downturns. Loan growth was soft in the fourth quarter, hurt by a double-digit decline in trade loans, but activity is starting to pick up and management expects mid-single-digit growth in '21.

DBS Group Has Quieted Credit Concerns And Can Pivot To Growth Again

Net profit increased by 4% in last quarter. The bank is still prudently making provisions for potential non-performing loans.

DBS Group: The Worst Is Most Likely Over

DBS Group had a pretty sector-typical quarter, with weaker rates and a surge in deposits pressuring spread margin, but partly offset by better fee income and lower expenses.

DBS Group Knocked Back On Rates, But Credit And Long-Term Opportunity Are Sound

DBS Group Holdings Ltd (DBSDF) CEO Piyush Gupta on Q2 2020 Results - Earnings Call Transcript

DBS Group's quarterly profit slumped by a fifth as it boosted loan-loss provisions in pandemic-hit markets, but Southeast Asia's top lender said bad loans were steady and fee income was rising as economies bounced back from lockdowns.

Singapore lender DBS profit skids 22% but pandemic-hit business steadying

Singapore's DBS Group Holdings reported a 22% fall in second-quarter net profit on Thursday after shoring up loan loss allowances in a pandemic-hit market, but its profit came just above market estimates and rose from the preceding quarter.

Singapore's DBS second-quarter profit beats estimates as business picks up

DBS Holdings: An Asian Bank Riding The Digital Shift

Singaporean bank DBS posted a 14% year-on-year rise in fourth-quarter net profit to 1.51 billion Singapore dollars ($1.09 billion), beating estimates.

Southeast Asia's largest bank warns virus outbreak could hit its revenue this year

DBS Group Dragging As Rates And Slow Loan Growth Weigh On Near-Term Growth

HSBC has a high dividend yield of 7% but there's a better Asian bank out there that pays growing dividends.

Forget HSBC: 1 Singapore Bank That Has Growing Dividends

DBS: Best Bank In The World

DBS Group is doing its part from an operational perspective, but worries about future U.S. rate cuts and renewed trade tension between the U.S. and China is hitting sentiment.

News for DBS Group Holdings Ltd Stock (DBSDY)