Here's a look at three looming risks for the bank, and what it means for its growth prospects. YahooFinance
Some risks may be fairly obvious, while others may crop up over time and as the business environment evolves.DBS Group Holdings Ltd is sailing into stormy seas caused by the COVID-19 pandemic that has wreaked havoc on economies and businesses.
This spread is known as the net interest margin , and the revenue obtained is called net interest income. For DBS, its NPL ratio stood at 1.6% at the end of the first quarter, notably higher than the 1.5% it reported during the same period last year.Total allowances came up to S$1.09 billion, up significantly from just S$76 million in the first quarter of 2019.
The list of applicants includes reputable names such as Singtel , in partnership with Grab, Razer Inc , and Sea Ltd . With digital banks being a permanent and structural change to the banking industry, DBS needs to be nimble and navigate its way around the competition.
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