The Singaporean bank recorded an 11% growth in net profit for the full year, as structured product issuance remained strong in Taiwan.
DBS Group’s net profit rose 10% compared to the prior year to SG$2.62 billion (US$1.9 billion) in the fourth quarter of the year. Total income also rose 10% year-on-year (YoY) to SG$5.51 billion. We achieved a record financial performance in 2024 with return on equity of 18.0%, one of the highest among developed market banks - Piyush Gupta The increasing income in Q4 2024 stemmed from broad-based growth including in its commercial book, buoyed by wealth manag