DBS says ROE for HK business could be 15% 2011

DBS (DBSM.SI), Southeast Asia’s biggest lender, said on Thursday it hopes to generate 15% return on equity from its Hong Kong business this year.

 

Hong Kong, which had historically underperformed for DBS, accounted for about a fifth of its net profit in the first half of 2011.

 

Bank CEO Piyush Gupta also told reporters that any increase in domestic interest rates has been pushed back by one more year because of the global economic environment.