DBS eyes higher growth from SME segment
It hopes in time to have one-third of this sector's income coming from emerging markets
Singapore
DBS Group expects income growth from its small and medium enterprises (SME) segment to outpace last year's growth of over 10 per cent, and is pushing for more income from emerging markets, said Lim Chu Chong, the bank's regional head of SME banking.
This comes amid some headwinds this year that DBS is bracing itself for, with Mr Lim being candid in seeing some loan losses in the SME space, though non-performing loans (NPLs) for the bank - as well for as its homegrown peers - have been tiny on the whole.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Kraft Heinz misses sales estimates as higher prices deter customers
Marriott boosts full-year profit view after mixed Q1 results
J&J advances US$6.48 billion settlement of talc cancer lawsuits
US holds quarterly debt sale steady, starts buybacks this month
US dollar nears six-month high after pre-Fed data shock, yen steady
KFC parent Yum reports surprise drop in global same-store sales on weak demand