Investor Exchange

DBS's 2024 Financial Triumphs Unveiled

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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.
        • ...more
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