BRIEF-DBS Group Holdings Says 2020 NIM Expected To Decline By About 7 BPS
Nov 11 (Reuters) - DBS Group Holdings Ltd:
* SEES 2020 LOAN GROWTH SIMILAR TO 2019
* 2020 NIM EXPECTED TO DECLINE BY ABOUT 7BPS
* SEES 2020 CREDIT COSTS SIMILAR TO 2019
* SEES LOW-SINGLE-DIGIT INCOME GROWTH IN 2020
* 3Q LOAN GROWTH SLOW DUE TO GLOBAL AND COUNTRY-SPECIFIC FACTORS
* THREE RATE CUTS WILL LEAD TO FULL-YEAR NIM BELOW GUIDANCE
* DBS HONG KONG PERFORMANCE RESILIENT Source text for Eikon: Further company coverage: