No bank is getting through this cycle unscathed, and DBS Group (OTCPK:DBSDY) is no exception. Not only is DBS seeing significant spread compression from weakening loan yields, loan demand has moderated some. On the positive side, the company’s investments and efforts into building a stronger fee-generating business base are paying off, digitalization is helping reduce costs and maintain better business activity relative to less-digitalized peers, and the credit evolution has so far been pretty good.
These shares are down about 20% since my last update on this Singaporean money-center bank. That’s not the