Second-quarter earnings up 10% to SGD 810 million
SINGAPORE, 3 August 2012 – DBS Group Holdings delivered record half-year net profits of SGD 1.74 billion for the first six months of 2012, up 13% from a year ago. Improved product and distribution capabilities, a strong balance sheet and consistent execution resulted in sustained business growth as half-year total income crossed SGD 4 billion for the first time.
Return on equity increased to 11.9% from 11.4% a year ago.
would be better if you are buying an STI ETF. DBS according to insiders and outsiders is the most inefficient bank with infighting
ReplyDeleteAH HUH! i won't be surprised if there is some truth in what you hearsay. After all it's "AH KONG's" Bank. But it's still O. K. if you buy at the right price(entry price).
DeleteOn the other hand, "Family's" Bank may have "Inbreeding".
Maybe only OCBC is a real private bank now. No?
NB:
i am bias against "Family run business" for in the long run "Inbreeding" may destroy the business.