More News
RETAIL BANKING | Staff Reporter, Singapore
view(s)

DBS expects loans to grow 7% in 2018

Higher interest rates are seen to kick net interest margin up.

DBS expects loan growth to hit 7-8% and net interest margin (NIM) uplift from higher interest rates in 2018.

According to UOB Kay Hian, the bank's income is expected to increase at a low double-digit level. The broker expects net profit to grow 23.5% in 2018, significantly higher than the 3.1% growth in 2017.

The cost-to-income ratio is expected to be stable at 43% due to the consolidation of ANZ's Taiwan and Indonesia operations, which have higher cost-to-income ratios. The bank aims to improve cost-to-income ratio by 0.5ppt annually in 2019 and 2020.

DBS also plans to embark on a re-architecture of its data infrastructure. Specific provisions are expected to be at the lower end of its cycle average. 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.