{"id":4641,"date":"2025-08-08T07:48:37","date_gmt":"2025-08-08T04:48:37","guid":{"rendered":"https:\/\/relinvestmentsgroup.com\/?p=4641"},"modified":"2025-08-08T07:48:37","modified_gmt":"2025-08-08T04:48:37","slug":"chistaya-pribyl-dbs-v-pervom-polugodii-ostalas-na-prezhnem-urovne-nesmotrya-na-rost-nalogovyh-rashodov","status":"publish","type":"post","link":"https:\/\/relinvestmentsgroup.com\/en\/chistaya-pribyl-dbs-v-pervom-polugodii-ostalas-na-prezhnem-urovne-nesmotrya-na-rost-nalogovyh-rashodov\/","title":{"rendered":"DBS\u2019 net profit flat in H1 despite higher tax expenses"},"content":{"rendered":"<p><\/p>\n<p class=\"p1\">Markets trading income rose to its strongest performance in four years.<\/p>\n<p class=\"p1\">DBS Group reported a net profit of S$5.72 (US$4.45b) in the first half of 2025, flat compared to the same half in 2024, despite higher tax expenses.<\/p>\n<p class=\"p1\">Net profit for Q2 2025 was S$2.82b (US$2.2b), a 1% increase compared to a year earlier.<\/p>\n<p class=\"p1\">The profits came on a backdrop of sharp declines in Sora and Hibor, macroeconomic uncertainty, significant currency fluctuations, and the implementation of the 15% global minimum tax, Singapore\u2019s biggest bank by asset-size said in a press statement on 7 August 2025.<\/p>\n<p class=\"p1\">Earnings per basic and diluted share is S$4.04 in H1 2025.<\/p>\n<p class=\"p1\">Total income rose 5% to a new high of S$11.64b (US$9.06b) in H1 2025. Profit before tax also hit a record of S$6.83b, a 3% increase from a year earlier.<\/p>\n<p class=\"p1\">Return on equity was 17%, whilst return on tangible equity was 18.8%.<\/p>\n<p class=\"p1\">Markets trading income rose 80% to S$781m (US$608.19m), its strongest performance in four years. DBS attributed this to higher contributions across a range of activities, benefiting from lower funding costs and a more conducive trading environment.<\/p>\n<p class=\"p1\">Expenses increased 5% to S$2.27b (US$1.77b), led by higher staff costs. The cost-income ratio was 40%<\/p>\n<p class=\"p1\">By business unit, the Consumer Banking\/ Wealth Management segment reported a 4% income rise to S$5.28b, thanks to higher net new money inflows and stronger investment product and bancassurance sales, DBS said.<\/p>\n<p class=\"p1\">These gains were partially offset by the impact of lower interest rates on deposit income.<\/p>\n<p class=\"p1\">Institutional Banking income fell 4% to S$4.51b as a decline in cash management income due to lower interest rates more than offset higher income from treasury product sales.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Markets trading income rose to its strongest performance in four years. DBS Group reported a net profit of S$5.72 (US$4.45b) in the first half of 2025, flat compared to the same half in 2024, despite higher tax expenses. Net profit for Q2 2025 was S$2.82b (US$2.2b), a 1% increase compared to a year earlier. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4641","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\/08\/DBS-1-1140x445.webp",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/08\/DBS-1-463x348.webp",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/08\/DBS-1-300x200.webp",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/08\/DBS-1-scaled.webp",2560,1707,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4641","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=4641"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4641\/revisions"}],"predecessor-version":[{"id":4643,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4641\/revisions\/4643"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/4642"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=4641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=4641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=4641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}