dividends CET1

While investors expect credit costs to rise, the banks’ top management have moderated ex­pectations. For instance, all three banks guid­ed on credit costs rising by single-digit basis points.

According to analysts polled by Bloomb­erg, DBS Group Holdings is likely to report the highest growth in prof­it after tax (NPAT) for FY2019 end­ed Dec 31, 2019, of 12.3% (see table 1). Oversea-Chinese Banking Corp is likely to report a 6.1% rise in NP