November 11, 2019 / 1:02 AM / 10 days ago

Singapore's DBS sees single digit revenue, profit growth in 2020: CEO

SINGAPORE (Reuters) - Singapore’s DBS Group Holdings Ltd (DBSM.SI), Southeast Asia’s biggest lender, expects its revenue and profit next year to grow in the low single digits, Chief Executive Officer Piyush Gupta said on Monday.

Earlier DBS reported a forecast-beating 15% rise in quarterly profit, supported by higher wealth management fees.

Reporting by Anshuman Daga; Writing Joe Brock; Editing by Christian Schmollinger

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