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

) 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.

“DBS did better with help on treasury income and surprisingly was again able to contain costs like Q1,” said Kevin Kwek, a senior analyst at Sanford C. Bernstein. DBS’ net interest margin slumped to 1.62% in the second quarter from 1.91% a year earlier as interest rates fell. The bank expects full-year margin at around 1.6%.

Smaller rival United Overseas Bank missed analysts’ estimates with a 40% fall in quarterly net profit due to lower margins and higher credit costs.

Hey if any can help my sis & I even just with a $1 I’m out of work due to the virus & Im struggling to keep my place let alone put food on my table if anyone would be okay with helping me out I would very much appreciate it stay safe & god bless Venmo & Cashapp MattMartins147

AlessioUrban ed è una banca seria

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Singapore's DBS second-quarter profit beats estimates as business picks upSingapore'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.
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »

Singapore's DBS second-quarter profit beats estimates as business picks upSingapore'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.
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »