19-April-2024
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DBS forecasts stable loan growth this year after record 2018 profit
18-Feb-2019

DBS Group Holdings Ltd, Southeast Asia’s biggest lender, forecast stable loans growth for 2019 after a robust increase in net interest margin drove an 8 percent rise in quarterly profit and a record annual profit. After three years of strong loans growth, Singapore’s banks face tougher times as the city-state’s export-reliant economy slows, partly due to a trade war between China and the United States.

News Source:- https://in.reuters.com/article/dbs-results/dbs-forecasts-stable-loan-growth-this-year-after-record-2018-profit-idINKCN1Q70A5