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BANK EARNINGS

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

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Michelle Zhu

Michelle Zhu

Published Wed, Feb 10, 2021 · 09:50 PM
    DBS
    Clearer Skies.pdf

    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.

    DBSSingapore banksFinancial results

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