DBS 02 (Aug 10 - Dec 27)

[behappyalways]

India's central bank matchmakes troubled Lakshmi Vilas Bank with DBS, dowry of $463 million ready
https://www.theedgesingapore.com/news/b ... -dowry-463

[winston]

not vested

25% of DBS SME clients still deferring repayments on loans amounting to $1 billion

DBS Group reported a 33 per cent plunge in fourth-quarter earnings to $1.01

by Prisca Ang

SINGAPORE - A quarter of DBS Bank's small and medium-sized enterprise (SME) clients in Singapore have temporarily opted to postpone repayments on loans amounting to about $1 billion in all.

10 per cent of housing loans made by DBS are in forbearance as customers who have opted for deferment are still struggling with cash flow.

The bank has made ample provisions for bad loans in relation to DBS's recent amalgamation with troubled Indian bank Lakshmi Vilas Bank (LVB).

"Asset quality was dealt with decisively as general allowances of $183 million were conservatively set aside, amounting to 9.5 per cent of LVB's performing loans," said Mrs Chng, who added that the impact on group capital was minimal.

DBS expects LVB to be profitable within 12 to 24 months.

Source: Business Times

https://www.straitstimes.com/business/b ... -1-billion

[winston]

not vested

DBS Group Holdings Ltd (DBS SP) - Upbeat outlook

DBS is Southeast Asia’s largest bank by total assets and a proxy for Asia’s growth and rising middle class via its operations spanning Hong Kong, Greater China and Southeast Asia.

We see its earlier focus on technological investments as a key differentiating factor in improving customer experience and acquisition.

The bank has moved to quarterly dividends from financial year 2019 to provide shareholders with a more steady income stream and aims to continuously pay sustainable and increasing dividends over time (50% payout ratio).

Following the 1Q20 quarterly dividend per share of $0.33/share, MAS has guided for FY20 DPS for the sector to be capped at 60% of FY19 DPS.

DBS has guided for quarterly DPS of $0.18/share for the quarters from 2Q20-1Q21. 4Q20 CET1 ratio remains solid at 13.9%. BUY.

Source: OCBC

[behappyalways]

DBS reports 26% lower FY20 earnings of $4.72 bil, declares 4Q dividend of 18 cents
https://www.theedgesingapore.com/capita ... d-18-cents

[winston]

not vested

DBS faces lawsuits in India after takeover of Lakshmi Vilas Bank

Holders of Lakshmi Vilas Bank's equity shares and Tier-II bonds that were written off before the effective date of amalgamation took legal actions against DBS's local unit in various high courts in India.

DBS chief executive officer Piyush Gupta expects Lakshmi Vilas to become profitable in 12 to 24 months as the Singapore bank sets aside amalgamation expenses and allowances for soured assets.

Source: Straits Times

https://www.straitstimes.com/business/b ... vilas-bank

[behappyalways]

DBS to acquire 13% stake in Shenzhen Rural Commercial Bank for RMB5.29 bil
https://www.theedgesingapore.com/news/b ... rmb529-bil


DBS posts record quarterly net profit of $2.01 bil in 1Q21; maintains dividend of 18 cents per share
https://www.theedgesingapore.com/capita ... ents-share

[winston]

not vested

DBS Group Holdings Ltd (DBS SP) - Starting the year with a bang

DBS is Southeast Asia’s largest bank by total assets and a proxy for Asia’s growth and rising middle class via its operations spanning Hong Kong, Greater China and Southeast Asia.

We see its earlier focus on technological investments as a key differentiating factor in improving customer experience and acquisition.

The bank has moved to quarterly dividends from financial year 2019 to provide shareholders with a more steady income stream and aims to continuously pay sustainable and increasing dividends over time (50% payout ratio).

Following the 1Q20 quarterly dividend per share of $0.33/share, MAS has guided for FY20 DPS for the sector to be capped at 60% of FY19 DPS.

DBS has guided for quarterly DPS of $0.18/share for the quarters from 2Q20-1Q21. The bank is awaiting further regulatory guidance on dividends and should the green light be given, is comfortable resuming its pre-pandemic payout due to its solid capital position (1Q21 CET1 ratio ~14.3%). BUY.

Source: OCBC

[behappyalways]

DBS sees record earnings of $3.71 bil for 1H21; interim dividend of 33 cents declared
https://www.theedgesingapore.com/capita ... s-declared

[behappyalways]

DBS reports 31% higher net profit of $1.70 bil in 3QFY21; declares quarterly dividend of 33 cents
https://www.theedgesingapore.com/capita ... d-33-cents

[behappyalways]

DBS to Buy Citigroup Taiwan Assets for NT$60 Billion, Report Says
https://www.theedgesingapore.com/news/m ... eport-says