DBS Live more, Bank less

A beacon of
Stability

Financial Highlights

Total income (SGD)

22.9 billion

Total income grew 3% to a new high of SGD 22.9 billion despite rate headwinds.

Profit before tax (SGD)

13.1 billion

Profit before tax rose 1% to a record SGD 13.1 billion.

Return on equity

16.2%

Return on equity of 16.2% was within our 15-17% medium-term target and several percentage points above our local and global peers.

Sustainability Highlights

Committed over (SGD)

102 billion

in sustainable financing, net of repayments.

Provided (SGD)

23 million

in savings and support to ease living and business costs, as part of a series of SG60-themed programmes.

Uplifted the lives of over

1millionindividuals

via DBS Foundation’s programmes and partnerships across our six key markets in Asia.

A
dependable partner
for
Growth

Our multi-year structural transformation put us in good stead to navigate uncertainty while moving nimbly to seize new growth opportunities, enabling DBS to deliver resilient returns to our shareholders.

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A
disruptive innovator
for real-world
Solutions

We leveraged our deep customer relationships, technology capabilities and innovation culture to develop innovative, human-centric solutions that helped our customers seize new growth opportunities.

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A
driver of change
for a
Better World

With our roots as the Development Bank of Singapore, purpose is part of our everyday. Be it shifting the narrative on ageing, guiding our clients or uplifting vulnerable communities, we are committed to making each day better and brighter.

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Reflections from the top

DBS delivered record full-year total income and profit before tax, underscoring the strength of our franchise despite a challenging operating environment. Our market capitalisation of USD 124 billion (SGD 160 billion) at year-end is among the top 25 banks globally.

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Tan Su Shan shares her views on key trends shaping the outlook for DBS.

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Record profit before tax and 16% ROE amid rate and tax headwinds demonstrate the agility and structural strengths of our franchise and underpin our capital return commitments.

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Prudent portfolio strategies drove resilient credit quality despite persistent global macroeconomic uncertainties and emerging risks. Proactive risk management strengthened third party risk management, mitigated evolving cyber threats, digital asset and financial crime risks while enhancing technology resilience.

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We continue to deliver joyful and seamless banking experiences by leveraging AI at scale, building on our resilient technology architecture and ensuring fortified security by design.

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Our unwavering focus on helping clients navigate uncertainty – providing advisory and financing, innovating across digital assets, transaction banking and capital markets, and deepening partnerships across Asia – enabled IBG to deliver a resilient performance amid lower rates, surplus liquidity and geopolitical headwinds.

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The resilient growth of our franchise has enabled us to make a meaningful difference in the lives of our stakeholders. Our customers can be assured of our unwavering support throughout every stage of their lives – leveraging our scale, operating discipline and AI-led innovation to stand firmly by them in both good and tough times.

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