DBS (Development Bank of Singapore)

[Bytesizedinvestments]

In 1Q2015, DBS held 320mil of customer's deposit at an interest of 0.69% but now in 1q2016, they are offering customer's a lower deposit average of 0.56%, there are still 313 mil of customer's deposit with them!! That's a lot of "goondu money"

I wonder if the ordinary folks among these group of customer's are aware of salary crediting with OCBC 360 acct* or CIMB Fastsaver

*OCBC's interest is 1.16% (for 243 mil of deposit) and 0.89% (15 mil) for this current quarter; weighted average 1.14%. DBS is only giving half the rate...

Interesting comparison when DBS is put across its peers. Data were extracted from DBS, OCBC and UOB's quarterly release.

When compared to its peers, DBS has a higher Net interest margins, slightly lower cost/income ratio, more superior ROE and ROA, comparable NPL.


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(Vested)
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Financial Freedom can be achieved through prudence and patience capital.

http://www.bytesizedinvestments.com/