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DBS Q4 net profit up 14% to S$1.51b

DBS Group reported a 14 per cent boost in net profit to S$1.51 billion for the fourth quarter from compared with a year ago, on the back of broad-based business momentum.

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DBS sees 1-2% revenue impact in 2020 on Covid-19 outbreak

DBS Group chief executive officer Piyush Gupta said that the bank is expecting a revenue impact of around 1 to 2 per cent in 2020, with special provisions potentially to rise by a few basis points of loans, as a result of the novel coronavirus (Covid-19) outbreak....

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200 DBS staff vacate MBFC after case confirmed

DBS on Wednesday sent home dozens of employees as a precaution after one of its staff working at the bank's main Marina Bay Financial Centre (MBFC) office was found to be infected with the novel coronavirus.

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Banks, telco, property firms help businesses hit by covid-19 outbreak

BUSINESSES in Singapore facing cashflow and financial constraints due to the novel coronavirus may find some respite in new initiatives announced this week.

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UOB sets aside S$3b as “relief assistance” to SMEs

UNITED Overseas Bank (UOB) on Wednesday said it has set aside S$3 billion to provide companies, especially small- and medium-sized enterprises (SMEs), in Singapore with relief assistance to tide over the negative impact of the Covid-19 outbreak on their business.

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DBS confirms novel coronavirus case at MBFC

DBS on Wednesday confirmed that one employee has been infected with the novel coronavirus at the bank's Marina Bay Financial Centre (MBFC) office.

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Under 200 DBS staff sent home after MBFC employee found to have Covid-19

DBS on Wednesday confirmed that one employee working at the bank's main Marina Bay Financial Centre (MBFC) office has been infected with the novel coronavirus.

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Singapore incumbent banks should launch digital offensive in Asean

THERE was a scramble for non-bank players to speed-date the traditional lenders in Singapore, but thus far, none has made it to the altar with the final digital-bank consortia.

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Digital banks unlikely to replace existing bank accounts: study

DIGITAL banks are not expected to replace existing primary banking relationships for the majority of customers in Singapore, with most likely to view their digital bank as a secondary account if they do open one.

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Virus outbreak to take centre stage at local banks’ FY19 results briefings

THE focus of the upcoming Singapore banks' results will likely centre on the impact of the deadly novel coronavirus outbreak, with global growth expected to slow as China - the world's second largest economy - takes a hard hit.

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