DBS (Development Bank of Singapore)

[Porkbelly]

Thank you CityFarmer for tidying up.. just lazy to search for the appropriate thread.

Yes, agree with you about using -5% .. to allow margin of safety and being prudent.

CY09,.. ha! ha!.. I am one of the "goodus".. to have accounts with them. Sometimes its just plain laziness.
I have been their customer since 1978... hope they get a little friendlier if I ask for some breathing space!

[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.


[Image: Key-Ratios-1.jpg]

(Vested)
____

Financial Freedom can be achieved through prudence and patience capital.

http://www.bytesizedinvestments.com/

[Behappyalways]

China's Debt Misery Finds Singapore
http://www.bloomberg.com/gadfly/articles...-singapore

[CityFarmer]

Among the three local banks, DBS is the one, has moved fast in adopting new technologies...

DBS takes up Microsoft's public cloud platform to raise staff collaboration
27 Jun 2016 16:43
By Jamie Lee

DBS said on Monday that it will adopt cloud-based technology for business tools such as video conferencing and file sharing, under the Microsoft Office 365 suite. This makes it the first Singapore bank to do so.

DBS's head of technology and operations David Gledhill said: "In the last few years, we have made good headway in creating a 'fintech-like' workforce that is focused on making the customer experience simpler and more seamless.

"Inculcating a digital mindset in our people aside, it is also important to give them work tools that break down silos, enhance collaboration, foster greater efficiency and facilitate working on the go."
...
Source: Business Times Breaking News

[whatamidoing]

If you guys have read the recent articles in Straits Times and BusinessTimes as well as recent broker reports e.g. Macquarie, I seriously doubt the robustness of credit risk management policies present for the oil and gas team at DBS.

For example, it was mentioned in the Straits Times today that DBS made a $146m bridge loan (bridge to equity...seriously...) to Swiber in advance of the share subscription by AMTC, a supposed hedge fund. Have written about AMTC here: http://www.valuebuddies.com/thread-1416-...#pid132154

It is really worrying that DBS can make a bridge loan of such an amount when 1) Swiber is in dire straits and operating cashflow is not enough to cover that $146m loan and 2) nobody has a clue on what ATMC is.

[BlueKelah]

We dun know what is going on behind closed doors.

More probably dBs crew knows what is going on but have some other incentive to look the other way.

Just like the millions from 1MDb in SG,swiss,usa banks. Surely they knew what was going on, but close one eye until someone comes along to check.

Sent from my MotoG3 using Tapatalk

[weijian]

In a crisis, all correlations tend to go towards one. Old timers should know that most models don't build in correlations but can't really blame the risk department since there is no way one can live if we assume living in a crisis daily! What's more if there is the principle-agent conflict (Heads I lose, tails I don't win). It is also no surprise why UOB is least affected.






DBS says Swiber had no overdue payments with it


DBS said the projects financed by Swiber Holdings were on track, and that it had no overdue payments with the bank. However, an equity injection meant to reduce Swiber's high gearing fell through.
.......Analysts are pointing to the bank's statement for its first-quarter results, when the bank said that if oil prices stayed at US$20 per barrel for a prolonged period, its allowance related to the oil-and-gas sector would not be more than S$200 million. But its net allowance charge for its Swiber exposure is S$150 million. Fitch Ratings analyst Ng Wee Siang told The Business Times: "The bank may have to re-examine the assumptions used in its stress test."

http://www.businesstimes.com.sg/companie...ts-with-it

[Behappyalways]

How Deep Into Oil Rigs Is DBS?
http://www.bloomberg.com/gadfly/articles...igs-is-dbs

[desmondxyz]

How Deep Into Oil Rigs Is DBS?
http://www.bloomberg.com/gadfly/articles...igs-is-dbs

Seems like Mr. Gupta will have a hard time on 8 Aug.

[specuvestor]

How Deep Into Oil Rigs Is DBS?
http://www.bloomberg.com/gadfly/articles...igs-is-dbs

Like I said in the Swiber thread, banks understood the impact of a 2nd order 3rd order contagion / collateral impact. They won't let a major company fail unless options are exhausted. All the more when it is the Development Bank.

If it's all about numbers, life would be much easier

The corollary is that people overlooked the phrase "Swiber said DBS, the largest lender to the company, has expressed its readiness to support the company's latest applications. "There is now a reasonable probability of the company being rehabilitated and surviving (in whole or part) as a going concern," the affidavit said."

This reminds me of Temasek bailing out the REITS sector in 2009.