BREAKING: 

DBS Group reported a strong start to 2025, achieving record total income and profit before tax in the first quarter. Business growth was robust, particularly driven by wealth management, fees, and markets trading. Despite net profit being slightly lower year-on-year due to the global minimum tax, the bank maintained a high return on equity and resilient asset quality. General allowance reserves were prudently strengthened against heightened uncertainty.

• The period saw broad-based business expansion, with a notable surge in a key customer segment
• Performance was boosted by a significant uptick in trading activities, reaching their best level in several quarters
• The bank proactively increased its protective financial reserves in response to recent external developments

BREAKING: 

In this episode, we dissect DBS's stellar financial performance in 2024, highlighting their record-breaking net profit of $11.4 billion, a remarkable 11% increase from the previous year.

• Analysis of Total income growth of 10%, driven by commercial book net interest margin expansion, record fee income, new highs in treasury customer sales, and a rebound in markets trading income.

Examination of dividend payouts and capital returns:

• Introduction of a quarterly Capital Return dividend for the financial year 2025.
• Board's commitment to manage down excess capital over the next three years.

Discussion of strategic initiatives and employee rewards:

• A one-time bonus to be paid to all staff (excluding senior managers) as a reward for their contribution to the record performance.
• Allocation of SGD 100 million from the year's profits towards DBS's CSR commitment to support vulnerable communities.

There will be an AGM on

Event dates:

For more information, click here: DBS GROUP HOLDINGS LTD 2024 AGM