CW8888: Something worth to remember for this time. The difference between Consumer Banker CEO vs. ex Investment Banker CEOs.
Group CEO of DBS Bank Piyush Gupta said that his outlook for interest income over the next year is "relatively sanguine". "If rates go up by one per cent, we make about S$800 million to our bottom line, so we are very positively correlated to interest rate increases. So our ROE (return on equity) goes up by about a couple of percentage points if rates go up." ReplyDelete
ReplyDeleteCW8888: Something worth to remember for this time. The difference between Consumer Banker CEO vs. ex Investment Banker CEOs.
Group CEO of DBS Bank Piyush Gupta said that his outlook for interest income over the next year is "relatively sanguine". "If rates go up by one per cent, we make about S$800 million to our bottom line, so we are very positively correlated to interest rate increases. So our ROE (return on equity) goes up by about a couple of percentage points if rates go up."
ReplyDelete
Looks like a good 3% takeaway lunch?
ReplyDeleteNo?