Newly minted DBS CEO Tan Su Shan keeps eye on 15-17% ROE target
Piyush Gupta steps down after 15 years at the helm
Add BT as a preferred source
[SINGAPORE] DBS should be able to hit its return on equity (ROE) target of 15 to 17 per cent through its growth strategy in the years ahead, said the bank’s new chief executive, Tan Su Shan.
The target accounts for the four interest-rate cuts in 2024, as well as the lender’s expectations for another four reductions this year and next, said Tan at DBS’ annual general meeting (AGM) on Friday (Mar 28).
The AGM, which more than 1,500 shareholders attended, also marked the leadership transition of South-east Asia’s largest lender.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Power of payouts: A big chunk of the STI has just gone ex-dividend. What’s next?
