DBS took credit costs are 4bps of assets in 2Q23 vs 13bps of assets in FY18, and FY19, quarters, arguably far better periods. DBS stands out appearing less prudent than many peer banks.
Boomeranged on Fri, 8 Sep 2023 03:54
With July domestic credit growth turning negative at -3% YoY this is a new development, and the delta in Singapore credit growth downward has been fast, with MAS now probing banks on money laundering, including DBS.