DBS holds uneventful shareholders' meeting
CEO: Consumer banking set to grow faster than SME and institutional segments
Singapore
IT was an uneventful shareholders meeting for DBS on Thursday morning even as the attendance swelled to some 1,000 - more than double the number who attended last year.
Chief executive Piyush Gupta could not resist making a "timing not bad" quip when a shareholder mentioned his February purchase of 200,000 DBS shares worth almost S$2.8 million. Equity markets swooned in February with DBS shares down 20 per cent from the beginning of the year amid plunging oil prices and gloomy reports on China's slowdown.
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