Singapore's DBS maintains 2024 guidance, Q4 profit beats forecasts
Wed, Feb 7, 2024 12:54 PM

Singapore's DBS maintains 2024 guidance, Q4 profit beats forecasts

A Flip by Avya Verma
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DBS Group, Singapore's largest bank, maintained net interest income guidance for 2024 and reported a 2% increase in fourth quarter net profit, surpassing expectations. CEO Piyush Gupta stated that despite expected challenges, the bank's strengths will sustain performance. The bank also expects double-digit fee income growth and slightly lower net interest margin for the full year.

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