Singapore's DBS bank confident of 15%-17% ROE in next 3-5 years, CEO says

CNA03-28

SINGAPORE: Singapore's biggest bank DBS Group is confident of achieving a return on equity (ROE) of 15 per cent to 17 per cent in the medium term or over the next three to five years, its chief ...

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ROE in 2022 was 15 per cent.DBS is also bullish on China's greater bay area, and China in the long term, Gupta said. 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ROE in 2022 was 15 per cent.\nMeanwhile, DBS will allocate S$300 million to S$500 million (US$369.99 million) capital to its India operations over the next three to four years and grow profitable consumer and small and medium enterprises banking businesses there, Gupta said.\nDBS is also bullish on China's greater bay area, and China in the long term, Gupta said. The bank announced in end-December it was raising its stake in China's Shenzhen Rural Commercial Bank in a S$376 million deal.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2422163310"}