Newly minted DBS CEO Tan Su Shan keeps eye on 15-17% ROE target

[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.