DBS Group Holdings Ltd., Southeast Asia’s largest bank, unexpectedly posted an 11th straight increase in quarterly profit as fees, commissions and trading income rose, helping offset narrower lending margins.
DBS Group Holdings Ltd. boosted Chief Executive Officer Piyush Gupta’s total compensation by 15 percent to S$9.3 million ($7.5 million) last year, exceeding CEO pay at Deutsche Bank AG and Barclays Plc.
DBS Group Holdings Ltd . Chief Executive Officer Piyush Gupta , seeking to lift a stock that’s trailed the bank’s main rivals in 2010, said he’s given himself three years to boost return on equity to above 12 percent.
DBS Group Holdings Ltd., Southeast Asia’s largest bank, said fourth-quarter profit rose 4 percent, excluding a gain from the sale of a Philippine bank, missing analysts’ estimates as loan margin narrowed.
DBS Group Holdings Ltd.’s bid for PT Bank Danamon Indonesia is set to be approved as soon as this month as Singaporean and Indonesian regulators near an agreement over bank access, according to Chairul Tanjung, an economic adviser to Indonesia’s president.