Asia Has 'mitigating Factors' To Counter A Global Growth Slowdown, Says Bank CEO

"A bit more importantly, though, it gives central banks in this part of the world a little bit more freedom: Freedom to focus on their own economies, rather than looking over their shoulders at what the Fed's going to do. And if the economy does begin to slow later this year, it means the central banks will have a little more room to ease if they deem that necessary," added Cochrane.

With sentiment improving from the sharp sell-off in global markets last year, DBS's business could continue to expand in 2019, said its CEO Gupta.

DBS reported on Monday an 8 percent year-on-year increase in quarterly profit to 1.32 billion Singapore dollars ($973.5 million). That improvement was achieved despite a pre-tax loss of 54 million Singapore dollars in the bank's treasury markets business due to the sell-off in stocks and other asset classes last year.

Shares of the bank rose after the release of its latest earnings report, climbing by close to 2 percent by Monday afternoon. The two other major Singapore lenders also saw their shares moving higher: Oversea-China Banking Corp inched up close to 2 percent, while United Overseas Bank was around 1 percent higher. Both those banks will be releasing their earnings report on Friday.