The jewel in DBS's crown
The wealth management and consumer banking business is on a roll with profit before tax up 49% for the nine months ended Sept 30.
THE last two years have been tough and Singapore is on the verge of tipping into a recession, yet DBS Bank's consumer banking/wealth management business is enjoying robust growth and has become the crown jewel of South-east Asia's largest bank.
Despite market shocks and slowing economic growth, DBS's wealth management and consumer banking business will see double-digit growth this year," said Pearlyn Phau, DBS deputy group head of consumer banking and wealth management.
"Despite 2015 being challenging and 2016 more difficult, year-on-year we're still looking at double-digit growth," said Ms Phau in an interview with The Business Times last Wednesday.
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