DBS Group Holdings Ltd. and Oversea-Chinese Banking Corp., Southeast Asia’s largest banks, climbed in Singapore stock trading after they posted higher earnings as loan margins widened for the first time since 2009.
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. Chief Executive Officer Piyush Gupta, pulling his $6.5 billion bid for PT Bank Danamon Indonesia, said his ambitions in Southeast Asia’s largest economy may be set back by about five years.
DBS Group Holdings Ltd., Southeast Asia’s biggest bank, agreed to buy Societe Generale SA’s Asian private banking business to bolster market share in a region where millionaires’ wealth may top North America this year.
Oversea-Chinese Banking Corp.’s talks to buy Wing Hang Bank Ltd. are reminding investors of the decade of writedowns DBS Group Holdings Ltd. went through to integrate its purchase of a Hong Kong-based lender.