One of the best banks in Singapore: DBS Bank

DBS provides a variety of commercial banking and financial services, mostly in Asia. Consumer Banking and Wealth Management, Institutional Banking, Treasury, and others are among the company’s operational segments.

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Back in 2020, DBS, or indeed the whole Singapore market, took far longer to recover than its counterparts in the United States. Because interest rates are near 0%, the prognosis for DBS becomes hazy. The Monetary Authority of Singapore (MAS) has also requested that Singapore banks pay lower dividends to shareholders in order to buffer capital during the COVID-19 issue, which may turn off potential investors.

DBS Bank, the darling among Singapore’s major banks (UOB and OCBC), is extremely dear to every Singaporean’s heart. This is because, for the majority of us, the first bank account we may open is, more often than not, a DBS account. Moreover, DBS is a state-owned bank. With over 28.9% of DBS shares owned by Temasek Holdings, Singapore’s 2nd largest sovereign fund. Hence, DBS tends to have a greater valuation than the other two banks.

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With DBS down 20% from this year’s peak in February this year till today due to the uncertainty in the market. I am intrigued to discover more about DBS and whether this could be a good opportunity to start buying shares of DBS. Let’s now take a look at what DBS has to offer.

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So let’s take a closer look at what DBS has to offer. Here we go! https://learntoinvests.com/dbs-stock-analysis/