DBS provides a variety of commercial banking and financial services, mostly in Asia. Consumer Banking and Wealth Management, Institutional Banking, Treasury, and others are among the company’s operational segments.
Back in 2020, DBS, or indeed the whole Singapore market, took far longer to recover than its counterparts in the United States. Because interest rates are near 0%, the prognosis for DBS becomes hazy. The Monetary Authority of Singapore (MAS) has also requested that Singapore banks pay lower dividends to shareholders in order to buffer capital during the COVID-19 issue, which may turn off potential investors.
DBS Bank, the darling among Singapore’s major banks (UOB and OCBC), is extremely dear to every Singaporean’s heart. This is because, for the majority of us, the first bank account we may open is, more often than not, a DBS account. Moreover, DBS is a state-owned bank. With over 28.9% of DBS shares owned by Temasek Holdings, Singapore’s 2nd largest sovereign fund....