DBS general allowance ‘more than adequate’: CEO Tan Su Shan
The bank’s total allowance stood at S$6.4 billion, comprising S$4.1 billion in general allowances and S$2.4 billion in specific allowances.
DBS’ general allowance reserves are “more than adequate”, said its chief executive Tan Su Shan.
The bank will also not top up its general allowances any further, especially after it increased its overlay general provisions (GP) by S$200 million earlier in 2025 to incorporate uncertainty over US tariffs, said chief financial officer Chng Sok Hui.
“(The general allowances) are more than adequate because we actually exceeded the (regulatory requirement),” Chng said at a briefing for the lender’s third quarter results on Thursday (Nov 6).
Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
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