SINGAPORE (Feb 7): On the face of it, the local banks are a lot more exposed to the econom­ic impact of the novel coronavirus than they were to SARS in 2003. But on closer examination, DBS Group Holdings is more diversified now than in 2003. For instance, DBS Hong Kong contributed 22% to net profit during the nine months to Sept 30, 2019, and Greater China including Hong Kong contributed 26% for the same period. In 2003, Hong Kong contributed 33% to DBS’s net prof­it. As of Sept 30, 2019, Greater China – Hong Kong, China and Taiwan – accounted for about 30% of total loans of $358.4 billion.

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