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RETAIL BANKING | Staff Reporter, Singapore

DBS to grow earnings by 24.9% in FY18

The bank is running on a healthy broad-based growth momentum into 2018.

OCBC Research projects DBS Bank's earnings growth of 24.9% in FY18 and 10.1% for FY19. Aside from this, the firm expects DBS to post good 4Q17 results on February 2018.

Here's more from OCBC Research:

With healthy economic growth in the Asia Pacific region, we expect DBS to be in a good position to enjoy another year of broad-based fee income growth. Its wealth business is likely to enjoy another good year with an increase in AUM and earnings.

We also expect treasury income to pick up in 2018. Geographically, we expect both Singapore and Hong Kong to do well in 2018. The pick-up in property transactions should also result in better income.

In addition, the positive spillover effect from the gains in equity markets into the first month of 2018 is also a good indicator. For the longer term, we expect its digitalization push to put it in a good position to grow as more clients embrace digital banking services.

We expect DBS to post a good set of 4Q17 results on 8 Feb 2018. We expect broad-based growth in 2018, and are projecting earnings growth of 24.9% in FY18 and 10.1% for FY19.

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