DBS sweeps the board in Singapore

BEST BANK, BEST INVESTMENT BANK, BEST DCM HOUSE, BEST ECM HOUSE, BEST PRIVATE BANK DBS

After a difficult 2016, DBS delivered recording-breaking earnings in fiscal 2017, despite setting aside more money to help cover the rising non-performing assets resulting from its exposure to the embattled oil and gas sector.

Both total income and net profit reached record levels of S$11.9 billion US$8.9 billion and S$4.4 billion, respectively, at the group level.

Consumer banking was a bright spot as total income rose 9% to a record S$4.7 billion, thanks to the successful integration of ANZ’s retail banking and wealth...