DBS Profit Tops Estimates as Rate Hikes Boost Margins

DBS reported strong financial results, surpassing forecasts with a 33% rise in interim dividend. The results were driven by increased net interest income due to margin expansion and effective liquidity management. Despite slow loan growth, fee income remained strong. Compared to UIB, DBS expects continued credit card demand and further net interest income gains. Challenges include subdued loan growth and revised fee income guidance. Strategic moves like integrating retail banking in Taiwan aim to strengthen DBS's market position in Greater China.

What challenges did DBS face regarding loan growth?

What are the implications of the integration of Citi's retail banking business for DBS?