DBS more optimistic about asset quality; Q4 earnings fall 33%

Singapore

DBS is seeing encouraging signs on overall asset quality in 2021 as moratoriums gradually taper off, with extensions on debt holidays contained and delinquencies kept low.

At a media briefing on Wednesday, DBS chief Piyush Gupta projected for total allowances over 2020-2021 to come in at the middle of the S$3-5 billion range as loans under moratorium have come down significantly from their respective peaks.