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DBS's mortgage and insurance sales hit new highs in Q2

Consumer banking unit reports best results for Q2, with profit before tax jumping 56% and total income growing 27%

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Published Mon, Jul 27, 2015 · 09:50 PM

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    Singapore

    DBS Group Holdings' consumer banking is on a roll. Despite slower economic growth and a sluggish property market, the bank's home-loan and bancassurance sales are hitting records as the lender's strong franchise and dominant position in Singapore give it the edge over rivals.

    DBS is selling more home loans despite a sluggish property market with new mortgage bookings at S$3 billion in the second quarter of this year, said chief executive Piyush Gupta.

    DBSPiyush Gupta

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