DBS made a net profit of S$1.63 billion for the quarter, compared with S$1.41 billion a year earlier and an average estimate of S$1.57 billion from five analysts, according to Refinitiv data.
The lender said that it has now received a binding offer from a global investor for an investment of $1.2 billion in the bank through fresh issuance of equity shares, subject to regulatory approvals and conditions as well as the bank's board and shar
Singapore and South-east Asia’s largest bank, DBS, was also named the best bank for small and medium enterprises (SMEs) – a new category introduced this year – at the ceremony over the weekend.
It is not only the customers of BOI who stand to gain from this initiative, but it also improve the internal efficiencies within BOI where activities related to physical payment acceptance and reconciliation will be reduced dramatically.
Clients who activate the “Citibank Global Wallet” would be able to buy the foreign currencies at preferred rates online, and can withdraw them at ATMs overseas or make transactions through debit cards when traveling abroad, Hu said.