The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

DBS emerges stronger from the pandemic

Piyush Gupta thinks the worst is behind us and now is the time for the bank to start looking at China.

DBS was Euromoney’s best bank in the world this year, principally for turning the pandemic crisis to its advantage better than any other bank did.

As the pandemic eases, as travel begins to return to its home base of Singapore and moratoria are gradually eased in other key markets such as India and Indonesia, it becomes easier to see how the bank is emerging.

In credit terms, very well.

Chief executive Piyush Gupta never expected problems among the bank’s bigger customers, but needed clarity on the small and medium-sized enterprise and consumer books when government support unwound.

Piyush Gupta

“The short story is that I think the worst is behind us and I’m not expecting any cliffs,” he says. “I do think that, like everybody, we’re over-reserved. Net-net this year we will show almost zero cost of credit. My outlook for next year looks pretty similar.”

Non-performing assets declined 1% through the third quarter as new NPA formation was more than offset by repayments; nine-month net profit, up 46% to S$5.41

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree