DBS’s capital management objective is to maintain a strong capital position consistent with regulatory requirements under MAS Notice to Banks No. 637 and the expectations of our various stakeholders, i.e., customers, investors and rating agencies. We pursue this objective while delivering returns to shareholders and ensuring that adequate capital resources are available for business growth and investment opportunities as well as adverse situations. We manage our capital structure in line with our capital management objective and in order to optimise the cost and flexibility offered by various capital resources.

> See table below for our list of outstanding capital instruments

> Please refer to our Main Features of Capital Instruments document for a summary of outstanding capital instruments


List of outstanding capital instruments

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