DBS spends its pocket money

With its Hong Kong acquisition, DBS has used up its surplus capital.

With its $5.3 billion acquisition of Hong Kong's Dao Heng bank, DBS will be off the acquisition trail for a while, according to analysts.

The deal sees DBS taking its capital adequacy ratio to a low point. Indeed, the deal has been structured so that part of the payment to the Guoco group has been deferred till the end of 2002. This was done to ensure that the capital adequacy ratio did not fall below 9%.

It means DBS...

To continue reading, please login or register for free

Click for more on: dbs | spends | pocket | money

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...