热门标签

免费专家足球贴士(www.hgbbs.vip):DBS sees rising risks after rate increases boost quarterly profit

时间:2周前   阅读:2   评论:1

免费专家足球贴士www.hgbbs.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。

DBS CEO Piyush Gupta

SINGAPORE: Singapore's DBS Group warned inflation and geopolitical uncertainty may impact second-half performance too, after the wealth business of the bank suffered in the latest quarter, though profit beat estimates on rising interest rates.

The quarterly earnings from DBS, Southeast Asia's largest lender, rounded off a strong reporting season for Singapore banks after local peers OCBC beat estimates and United Overseas Bank flagged further improvement in net interest margins, a key profitability gauge.

"There's just too much geopolitical uncertainty right now and that's hard to translate into what does it do to the macro economy," DBS CEO Piyush Gupta told reporters on Thursday, citing the Russia-Ukraine war and its impact on gas and oil prices, among other factors.

"The big underlying uncertainty is inflation and what will the central banks do to control it, so that's the second order impact of that. Right now, the market is split on whether you get a deep recession or you get high inflation," Gupta said.

DBS shares fell as much as 0.9% before paring losses to 0.3% in late afternoon trade in a strong broader market.

The bank's first-half net interest margin improved to 1.52% from 1.47%, marking the first improvement in three years.

,

皇冠APPwww.hg108.vip)是一个开放皇冠即时比分、皇冠官网注册的平台。皇冠APP(www.hg108.vip)提供最新皇冠登录,皇冠APP下载包含新皇冠体育代理、会员APP。

,

Singapore lenders were expected to report 10 basis points net interest margin expansion in April-June on a quarter-to-quarter basis, the highest over the last eight quarters, outperforming Asian peers, JPMorgan analysts said last month.

Net profit for DBS came in at S$1.82 billion ($1.30 billion) in April-June versus S$1.7 billion a year earlier and compared with an average estimate of S$1.69 billion from five analysts compiled by Refinitiv.

Singapore banks are also benefiting from a rebound in economic activity in the Asian financial hub after the government relaxed most of its COVID-19 restrictions in April.

However, a sharp pullback in global stock markets this year has battered investor sentiment, impacting the large wealth management businesses of banks such as DBS.

The bank said net fee income fell 12% in the second quarter due to lower contributions from wealth management and investment banking that more than offset increases in other fee activities.

DBS said its ongoing stress tests indicated that its asset quality continues to be robust. It maintained its full-year loan growth forecast at mid-single digit percent. - Reuters


转载说明:本文转载自Sunbet。

上一篇:中秋假期湖南旅游营收超4.6亿元 作者:理财18 2022-09-14 11:03

下一篇:风雨兰之父 马宣立

网友评论

  • 2022-09-21 00:14:47

    据了解,旭辉商业承接“城市综合运营服务商”战略定位,秉持“创造愉悦生活体验”的使命,充分结合每座城市的文脉、地脉,以各具特色的商业综合体,不断刷新城市封面,推动城市产业与消费升级。在深研家庭消费需求的基础上,旭辉商业以精致的建筑和空间设计,在全国打造30余座各具特色的商业综合体,总建筑面积超过278万平米,其中一线城市超过70万平米,已实现华东、华中、华北、西北和中西部全覆盖的全国化布局。未来,旭辉将持续推动精品商业IP打造,致力于成为“中国商业领军者之一”。今天也在看哦