Five-Year Summary
Group 2014 2013 2012 2011 2010
Selected Income statement items ($ millions)
Total income 9,618 8,927 8,064 7,631 7,066
Profit before allowances 5,288 5,009 4,450 4,328 4,141
Allowances 667 770 417 722 911
Profit before tax 4,700 4,318 4,157 3,733 3,332
Net profit excluding one-time items and goodwill charges 3,848 3,501 3,359 3,035 2,650
One-time items1 198 171 450
Goodwill charges 1,018
Net profit 4,046 3,672 3,809 3,035 1,632
Selected balance sheet items ($ millions)
Total assets 440,666 402,008 353,033 340,847 283,710
Customer loans 275,588 248,654 210,519 194,720 152,094
Total liabilities 400,460 364,322 317,035 307,778 250,608
Customer deposits2 317,173 292,365 253,464 225,346 193,692
Total shareholders' funds 37,708 34,233 31,737 28,794 26,599
Per ordinary share ($)
Earnings excluding one-time items and goodwill charges 1.55 1.43 1.39 1.30 1.15
Earnings 1.63 1.50 1.57 1.30 0.70
Net asset value 14.85 13.61 12.96 11.99 11.25
Dividends 0.58 0.58 0.56 0.56 0.56
Selected financial ratios (%)
Dividend cover ordinary shares (number of times) 2.80 2.58 2.79 2.28 1.25
Net interest margin 1.68 1.62 1.70 1.77 1.84
Cost-to-income 45.0 43.9 44.8 43.3 41.4
Return on assets3 0.91 0.91 0.97 0.97 0.98
Return on equity 3,4 10.9 10.8 11.2 11.0 10.2
Loan/deposit ratio 86.9 85.0 83.1 86.4 78.5
Non-performing loan rate 0.9 1.1 1.2 1.3 1.9
Loss allowance coverage 163 135 142 126 100
Capital adequacy5
Common Equity Tier 1 – Transitional 13.1 13.7
Common Equity Tier 1 – Final 11.9 11.9
Tier 1 13.1 13.7 14.0 12.9 15.1
Total 15.3 16.3 17.1 15.8 18.4
  • (1)One-time items include gains on sale of investments, an amount set aside to establish the DBS Foundation and a sum donated to National Gallery Singapore
  • (2)Includes deposits related to fund management activities of institutional investors from 2012 onwards. Prior to 2012, these deposits were classified as ""Due to Banks"
  • (3)Excludes one-time items and goodwill charges
  • (4)Calculated based on net profit attributable to the shareholders net of dividends on preference shares and other equity instruments. Non-controlling interests, preference shares and other equity instruments are not included as equity in the computation of return of equity
  • (5)With effect from 1 January 2013, Basel III capital adequacy requirements came into effect in Singapore. Changes due to Basel III affected both eligible capital and risk-weighted assets. Unless otherwise stated, capital adequacy disclosures relating to dates prior to 1 January 2013 are calculated in accordance with the then prevailing capital adequacy regulations and are thus not directly comparable to those pertaining to dates from 1 January 2013
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