The bank's CFO Chng Sok Hui said digitalisation has structurally lowered the group's cost-income ratio by half a percentage point a year. Digital customers bring in more revenue and cost the bank less to serve.
MUCH has been written about the transformation of DBS, but less known is the role its finance team plays in formulating and directing the strategies which have propelled the group into the ranks of Asia's leading banks.
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Stocks to watch: DBS, Best World, iFast, Raffles Medical, Thakral, No Signboard, AyondoTHE following companies saw new developments that may affect trading of their shares on Monday: Read more at The Business Times.
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Broker's take: OCBC lowers DBS to 'hold' after post-earnings rallyOCBC Investment Research has downgraded its call on DBS Group Holdings to 'hold' with a fair value of $29.18 after the bank's shares gained 3.6 per cent on Monday following better-than-expected first quarter earnings. Read more at The Business Times.
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