DBS maintains ROE expectations of 17% next year as it seeks to strengthen infrastructure

SINGAPORE’S largest lender, DBS, is expecting a return on equity “north of 17 per cent” next year, with an emphasis on strengthening its infrastructure to withstand future shocks, said its chief executive Piyush Gupta in its third quarter earnings briefing on Monday (Nov 6).

This comes after the bank experienced at least five outages this year – the most recent one lasting up to 12 hours.

The bank has since committed to improve its technology infrastructure. This includes tightening the process on quality assurance on every software before it is put into production, more comprehensive chaos testing and better system recovery.