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Southeast Asia’s biggest banking group DBS (DBSM.SI) said on Friday it was unlikely to make further goodwill writedowns in the value of its Hong Kong
operations.
DBS has done what was needed based on its banking models, CEO Piyush Gupta told reporters at a briefing.
DBS has done what was needed based on its banking models, CEO Piyush Gupta told reporters at a briefing.
“Don't expect double-digit growth in the second half,” he added, when asked about the outlook for loans.
Earlier on Friday, DBS posted a surprise quarterly loss, its first in almost five years, after it took a $1.02 billion goodwill charge for its Hong Kong business.
