Recently, the share price of Singapore’s largest bank,Are the lender’s shares worth accumulating, or should you hold back?First, let’s examine the financial standing of the bank as it navigates the choppy economic landscape over the last two years.This stellar performance came about despite a 7% year on year fall in net interest income.
Healthy loan book growth, along with surging fee income, helped to more than offset the decline in net interest income.move up.The bank is also exploring different areas to open up new sources of revenue for itself. This is a good move as it ensures the bank is not overly reliant on net interest income to power its growth.to launch Climate Impact X.
Climate Impact X is a global carbon exchange and marketplace that facilitates the sale of high-quality, large-scale carbon credits that cater to multinational corporations and institutional investors.Partior is a platform that aims to leverage blockchain technology to reduce friction and flows for cross-border payments and foreign exchange settlements.Evolution X is a US$500 million growth stage debt financing platform to help technology-enabled companies to grow.in December 2020.
Last year, the trading value of this exchange hit S$1.1 billion and is seeing strong interest from customers.In November 2020, the bank announced its decision to take over the troubled Indian bankThen, in April last year, DBS took up a 13% stake in Shenzhen Rural Commercial Bank for around S$1.08 billion, making further inroads into the Middle Kingdom.
Source: News Formal (newsformal.com)