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DBS Bank profit rebounds in Q4, seen gaining as rates outlook improves

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3 years ago

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DBS Bank profit rebounds in Q4, seen gaining as rates outlook improves

DBS has enjoyed robust business momentum after profits rose to record levels last year, underpinning a recovery at Southeast Asia’s largest lender as virus-hit economies rebounded and boosted loan growth and asset quality.

Banks in Singapore are also expected to be the main beneficiaries of higher interest rates, while Singapore’s economy is expected to grow 3% to 5% this year after growing at its fastest annual rate in more than a decade in 2021.

Jefferies analyst Krishna Guha said that while the bank’s fourth-quarter profit was slightly below expectations due to lower-than-expected non-interest income, growth in other revenue metrics was “remarkable.”

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“Guidance for 2022 is consistent with our current inputs, with the exception of credit costs, and is likely to be the next driver of a positive earnings revision,” Guha said in a note.

DBS, the first Singaporean bank to report this quarter, said net profit rose to S$1.39 billion ($1.03 billion) in the October-December period after falling to three 30 percent in the fourth quarter of the year. Year lows, especially weak due to the impact of the epidemic.

However, the result was below the S$1.47 billion average estimate of four analysts polled by Refinitiv and 18% lower than the third quarter, with non-interest income down 41%. DBS shares were down 0.6% in early trade on Monday.

“We look forward to having a prudently managed balance sheet in the coming year, which is expected to benefit from higher interest rates,” DBS chief executive Piyush Gupta said in a statement, adding that the bank expects loans to be in the mid- to mid-teens digit or better growth. After reporting a 9% increase last year.

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Singapore and Hong Kong-based DBS Bank, which made most of the profits, last month agreed to buy Citigroup’s consumer business in Taiwan for S$956 million, bolstering regional acquisitions to fuel growth.

The Singapore bank’s full-year profit rose 44% to a record S$6.8 billion as loans rose 9% to the highest level in seven years, while soaring fees for wealth management and transaction banking services offset lower interest rates.

Loan loss provisions fell to S$33 million in the latest quarter from S$577 million a year earlier.

Investors have pushed Singapore bank shares higher this year, with DBS Bank and smaller rival UOB trading near record highs, encouraged by the improving outlook for banks.

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Ranbir Kapoor

Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

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2 weeks ago

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April 22, 2025

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Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

Ranbir Kapoor and Alia Bhatt recently inspected their future home in Mumbai, marking their third wedding anniversary. The couple’s new home is still in progress, with Ranbir wearing a black t-shirt, matching shorts, sneakers, and a cap. Alia Bhatt was seen waiting for her husband at the location, while Ranbir looked at the progress of their new home’s construction.

A video of their outing emerged on social media, with Pinkvilla posting the clip for the first time. The bungalow, named Krishna Raj after Ranbir’s grandmother, holds emotional significance to the Kapoor family. It used to belong to Ranbir’s grandparents, Raj Kapoor and Krishna Raj, and was inherited by Rishi Kapoor and Neetu in 1980. A Bollywood Life report.

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Claimed that the new bungalow cost Ranbir and family ₹250 crore. It is speculated that after the bungalow is ready, the entire Kapoor family, including Neetu Kapoor, will stay together under one roof. Alia and Ranbir currently live with Raha at Vastu The rapid growth of OTT platforms in India has been attributed to factors such as increased cinema ticket costs.

Growing demand for niche content, and changing consumer preferences. Sidharth Malhotra improved internet infrastructure, and Janhvi Kapoor are set to share screen together in the ALL upcoming rom-com Param Sundari, and they have shared entertaining behind-the-scene pictures from the sets on social media.

​Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under- boasts a modern design with grey construction dream home in Mumbai’s Bandra area, just days after celebrating their third wedding anniversary on April 14. On April 16, the duo was spotted at and shorts. The couple appeared the construction site, inspecting the progress of their abode.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in new bringing their vision to life.

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The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current

Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process Raha underscores their commitment to creating a space that reflects their shared dreams and values Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in .​

The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bringing their vision to life bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current residence, Vaastu, where they live with their daughter, Raha .​

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Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process space that reflects their shared dreams and underscores their commitment to creating a space that reflects their shared dreams and values residence, Vaastu, where they live with daughter.

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