For more stories about where the money flows, click here for our Capital section
Overall, the bank’s cost to income ratio declined 0.8% y-o-y to 42.2%; total expenses fell 2% y-o-y to $6.16 billion. DBS’s Common Equity Tier-1 ratio for the 4QFY2020 remained unchanged q-o-q at 13.9%, which is above the group’s target operating range as well as regulatory requirements. The board has proposed a final dividend of 18 cents per share for the 4QFY2020, in line with the Monetary Authority of Singapore’s (MAS) guidance. of a dividend payout cap of 60% that of FY2019.
SEE: DBS: You can bank on this stock in the event of a recovery