...Strong Funding, Liquidity Profile: A strong domestic deposit franchise is one of DBS Bank Ltd.'s (DBS) key credit strengths. This is reflected in a very high Singapore dollar current and savings accounts ratio of 92% and Singapore dollar savings account market share of 52%. The bank also had a healthy net stable funding ratio of 110% and high Singapore dollar and all- currency liquidity coverage ratios of 456% and 125%, respectively, for 1Q18. Stable Asset Quality: The accelerated recognition of residual weak oil support services accounts ahead of the implementation of SFRS 109 pushed up the bank's NPL ratio to 1.7% by end-2017, from 1.4% at end-2016. The NPL ratio declined slightly to 1.6% at end-March 2018. We expect asset quality to remain stable in 2018 given the improving global growth momentum. DBS's greater China and housing-loan asset quality has remained solid in recent years. We expect housing loan quality to be underpinned by Singapore's low unemployment rate, healthy household...
