DBS

For DBS, digital activity volumes have increased from 30–60% overall, especially among older clients whose activity increased fourfold.

DBS Group Holdings has reported earnings of $2.41 billion for 1H2020, falling 26% y-o-y with an increase in general allowance owing to risks from the Covid-19 pandemic, In results released August 6.

June marks the fourth month of decline in Singapore’s bank lending as both business and consumer loans took a hit from the Covid-19 health-turned-economic crisis.

DBS has partnered with the Government Technology Agency of Singapore (GovTech) to launch Govtech’s SingPass Face Verification Technology through digital banking on Wednesday (July 29).

DBS Group Research analysts Sachin Mittal and Lim Rui Wen have maintained their “fully valued” recommendation for Singapore Post Limited (SingPost), with a stable target price of 64 cents.

Blockchain offers a secure way of tracking transactions over supply chains, but there are still risks to bear in mind.

The effect of regional lockdowns and economic downgrades are expected to surface among Singapore banks with significant drops in interest rates driving negative pressure on net interest margins (NIMs).

Sea offers growth potential in Fintech while DBS offers yield and stability

UOB Kay Hian is maintaining “overweight” on Singapore’s banking sector after reviewing the city state’s three banks, citing their intention to maintain their common equity tier-1 capital adequacy ratio (CET-1 CAR) within their comfort range of 12.5-13.5%.

Consumer loans were down 2.8% y-o-y, while business loan growth moderated to +5.4% y-o-y from +8.3% in the previous month.Total loans from the domestic banking unit – which captures lending in all currencies, but mainly reflects Singapore-dollar len