In today’s briefing:
- DBS – Is This the Time To Take Provision Expenses at 70% Lower than Average?
DBS – Is This the Time To Take Provision Expenses at 70% Lower than Average?
- There is no refuting the strong net interest income figures at DBS, although it seems toppy
- DBS took credit costs/assets at 4bps in 2Q23 vs 13bps average during FY18, FY19 quarterly
- There are not many banks that we can turn too with over 50% QoQ decline in credit costs
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