DBS Net Income Beats Estimates as Provisions Fall

The transcript discusses the financial performance of Southeast Asia's largest banks, highlighting a significant increase in net income and the first return to profit since 2019. The impact of COVID-19 and government measures is examined, noting a decline in bad loans and a boost in lending income. The transcript also covers dividend announcements, loan growth expectations, and analyst recommendations. Provisions for bad debts are expected to decline, with rising fee income from wealth management and credit cards. The work-from-home model is embraced by some banks, with plans to reduce office space in Singapore.

What was the net income of Southeast Asia's largest banks in the first three months of the year?

• $1.5 billion

• $0.72 billion

• $1.1 billion

• $2.01 billion

What was the first quarter dividend per share announced by the banks?

• $0.18

• $0.20

• $0.10

• $0.15

By how much are the provisions for bad debts expected to decline for GBS and OCBC?

• 70%

• 60%

• 50%

• 80%

What percentage of staff can work from home according to the internal review?

• 30%

• 50%

• 20%

• 40%

How many floors of office space is DBZ planning to surrender in Singapore?

• 3 floors

• 2.5 floors

• 2 floors

• 1 floor