2018 Annual report of DBS & the electronic voting device

Growth Drivers:
The wealth management business grew 5 times and the cash management business expanded 8 times over the last decade. Both formed around one-third of the bank's total income. Their growth rate is encouraging/important because they are considered 'high-returns' businesses, which are less capital-intensive. Achieved significant income growth from the Hong Kong & China markets. This shows that the acquisition of Dao Heng Bank years ago, has paid off. Prosperity of HK is closely tied to the fortunes of China. The CEPA between China & HK would benefit DBS in the long run  The ASEAN-HK FTA signed in 2017 has started to take effect on the real economy as the trade infrastructure & business networks ramp up progressively. It should continue to drive economic growth in the region. This is advantageous to DBS as the bank has significant presence in SEA countries...