DBS Bank Has No Exposure to Evergrande, Says CEO

The transcript discusses the bank's significant investments in technology, highlighting its success in digitizing core banking operations and exploring new business opportunities. It covers the organizational structure, potential spin-offs, and the cautious approach to digital assets amid regulatory challenges. The impact of China's regulatory actions and the Evergrande situation on the banking industry is also examined.

What has been the bank's focus over the past seven years?

• Investing in real estate

• Digitizing core banking operations

• Reducing workforce

• Expanding physical branches

Which new business venture did the bank launch in partnership with the Singapore exchange?

• Carbon exchange

• Digital exchange

• Blockchain company

• Remittance service

What is the purpose of the bank's separate company, DPS Innovation?

• To manage traditional banking operations

• To hold new investments and innovations

• To oversee customer service

• To handle legal matters

How does the bank view the transition to digital money?

• As a completed process

• As unnecessary for future growth

• As a challenging transition with headwinds

• As an easy and quick process

What is the bank's approach to its digital exchange?

• Not yet launched

• Open to all market participants

• Available only to accredited investors and institutions

• Focused on retail customers

What is the bank's exposure to Evergrande?

• Unknown exposure

• Minimal exposure

• No exposure

• Significant exposure

What lesson does the bank draw from the Evergrande situation?

• Digital assets are unstable

• Investing in real estate is risky

• Counterparty risk in China is important

• Relying on state support is safe