DBS Group

DBS is walking, talking and earning like fintech: Gadfly

It tells you something about the priorities of Southeast Asia's largest bank when it announces a hackathon to quickly recruit 100 budding technologists.DBS Group Holdings Ltd. hired the same number last year, but this year its needs are spread over a wider skill set, including user-interface design and mobile-application development, even scrum mastery, which, I understand, has nothing to do with rugby.All banks hire techies to manage back-end applications.

30 March 2018
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DBS's profit fell due to bad energy loans

DBS Group Holdings reported a surprise drop in third-quarter profit as Southeast Asia’s largest bank boosted bad-loan allowances more than sixfold in an effort to deal with its problem lending to the regional oil and gas services sector.The bank reported a 23 percent drop in net income to S$822 million (602 million dollars), worse than even the most pessimistic of analyst forecasts, but indicated it now hopes to draw a line under the bad-debt issues by recognising more of its energy services

6 November 2017
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