<\/p>\n
DBS Bank Limited hit a record performance in 2024, with net profit rising 11% year-on-year (YoY) to S$11.4b (approximately US$8.4b), its latest financial results showed.<\/p>\n
For Q4, net profit grew 10% YoY to S$2.62b (US$1.93b).<\/p>\n
For 2025, incumbent CEO Piyush Gupta noted that macroeconomic and geopolitical uncertainties will persist but expressed confidence in DBS\u2019 ability to deliver healthy returns.<\/p>\n
\u201cThe franchise and digital transformations carried out over the past decade position us well to continue delivering healthy returns. As I reflect on my journey at DBS, I feel good about where the bank is and am confident it will reach further heights under Su Shan\u2019s leadership,\u201d Gupta said.<\/p>\n
DBS\u2019 full-year total income rose 10% to S$22.3b (US$16.43b) for FY2024, attributed to the expansion of its commercial book net interest margin (NIM), its fee income crossing S$4b for the first time ever, and treasury customers sales reaching a new high.<\/p>\n
Return on equity is at 18%, whilst cost-income ratio was 40%.<\/p>\n
Commercial book net intereste income for FY2024 rose 5% YoY to S$15b (US$11.06b).<\/p>\n
Net interest margin expanded 4 basis points to 2.8%.<\/p>\n
Loans rose by 3% to S$12b, whilst deposits climbed 4% to S$20b (US$14.74b).<\/p>\n
Commercial book net fee income grew 23% to S$4.17b (US$3.07b), a new record high, DBS said. Wealth management fees pushed up income after rising by 45% to a record high S$2.18b (US$1.61b).<\/p>\n
Card fees grew 19% to S$1.24b (US$913.87m), thanks to the consolidation of Citi Taiwan and due to higher spending.<\/p>\n
Loan related fees are 16% YoY higher, at S$644m ($474.62m) for FY2024.<\/p>\n
However, investment banking fees declined 19%, which DBS blamed on slower equity capital market activities.<\/p>\n
Expenses are 10% higher compared to FY2023, at S$8.9b (US$6.56b) for 2024. Citi Taiwan reportedly accounted for three percentage points of the increase, DBS said.<\/p>\n
Total income for the fourth quarter period also rose 10% to S$5.51b (US$4.06b) on the back of growth in both its commercial book and markets trading.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
DBS Bank Limited hit a record performance in 2024, with net profit rising 11% year-on-year (YoY) to S$11.4b (approximately US$8.4b), its latest financial results showed. For Q4, net profit grew 10% YoY to S$2.62b (US$1.93b). For 2025, incumbent CEO Piyush Gupta noted that macroeconomic and geopolitical uncertainties will persist but expressed confidence in DBS\u2019 ability […]<\/p>\n","protected":false},"author":1,"featured_media":3384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/DBS-Bank-56-960x445.jpg",960,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/DBS-Bank-56-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/DBS-Bank-56-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/DBS-Bank-56.jpg",960,640,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=3383"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3383\/revisions"}],"predecessor-version":[{"id":3385,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3383\/revisions\/3385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/3384"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=3383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=3383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=3383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}