FEE income growth for Singapore’s largest lender is expected to remain “quite robust”, said DBS CEO Piyush Gupta in the Q2 earnings announcement on Thursday (Aug 3). 

He expects growth in the segment to come from higher card spending, as well as an expansion in the bank’s wealth-management segment. 

This comes after DBS recorded a 7 per cent rise in its second-quarter commercial book net fee income to S$823 million – the first year-on-year increase in six quarters.