DBS Group (SGX: D05) was the first Singapore bank to report earnings and it was a blowout quarter.
Tellingly, Singapore’s largest bank reported lower bad debts and is expecting higher loan growth in 2021.
The other two local banks are due to report in the coming week.
DBS also flagged better days ahead as the economic recovery seems to be gaining momentum.
On the REITs front, popular REITs such as Mapletree Commercial Trust (SGX: N2IU) and Frasers Centrepoint Trust (SGX: J69U) reported a rebound in their distribution per unit.
If the results released so far are an indication of what’s to come, then investors have much to cheer about.
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Here are five interesting facts from Singapore’s largest bank’s latest quarterly results.