Singapore's DBS surges to record on higher margins, capital return plans

Show Business and Finance Publications

Thu, February 13, 2025

[ Thu, Feb 13th ]: SiliconANGLE

SAP announces Databricks partnership to power AI with Business Data Cloud

[ Thu, Feb 13th ]: Forbes

Virpy Richter: The Gift Of Diverse Perspectives At The Awin Group

[ Thu, Feb 13th ]: MSN

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[ Thu, Feb 13th ]: Indiatimes

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[ Thu, Feb 13th ]: Reuters

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[ Thu, Feb 13th ]: decrypt

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[ Thu, Feb 13th ]: Reuters

Commerzbank to cut 3,900 jobs, mainly in Germany, as it fends off UniCredit

[ Thu, Feb 13th ]: Reuters

Commerzbank to cut 3,900 jobs, mainly in Germany

[ Thu, Feb 13th ]: Indiatimes

Indian student admissions in Canada are affected .. dean of Alberta School of Business Vikas Mehrotra

[ Thu, Feb 13th ]: Yahoo

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[ Thu, Feb 13th ]: MSN

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Is Albertsons Companies, Inc. (ACI) the Cheapest Retail Stock to Buy?

[ Thu, Feb 13th ]: Reuters

South Korea fines JPMorgan, Nomura, UBS and Morgan Stanley for short selling breaches

Wed, February 12, 2025

[ Wed, Feb 12th ]: Forbes

Trump's Tariffs Causing Chaos In Auto Industry, Says Ford CEO

[ Wed, Feb 12th ]: Indiatimes

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[ Wed, Feb 12th ]: fbcnews

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[ Wed, Feb 12th ]: Forbes

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[ Wed, Feb 12th ]: cnbctv18

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[ Wed, Feb 12th ]: CNBC

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[ Wed, Feb 12th ]: AOL

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[ Wed, Feb 12th ]: TechRepublic

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[ Wed, Feb 12th ]: Fortune

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[ Wed, Feb 12th ]: WDSU

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[ Wed, Feb 12th ]: manilatimes

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[ Wed, Feb 12th ]: MSN

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[ Wed, Feb 12th ]: Reuters

JPMorgan Chase begins planned layoffs for 2025, source says

[ Wed, Feb 12th ]: Reuters

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[ Wed, Feb 12th ]: Forbes

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[ Wed, Feb 12th ]: AOL

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[ Wed, Feb 12th ]: MSN

Super Micro stock surges after outlining ambitiou .. rgets, assuring investors it will avoid delisting

[ Wed, Feb 12th ]: TradeWinds

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[ Wed, Feb 12th ]: MSN

The market is looking very positively at DOGE and Elon Musk, says Wharton's Jeremy Siegel

[ Wed, Feb 12th ]: Reuters

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[ Wed, Feb 12th ]: News24

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[ Wed, Feb 12th ]: Newsroom

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Tue, February 11, 2025

[ Tue, Feb 11th ]: AOL

Super Micro stock drops ahead of business update

[ Tue, Feb 11th ]: Mint

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[ Tue, Feb 11th ]: Forbes

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[ Tue, Feb 11th ]: Forbes

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[ Tue, Feb 11th ]: Tuko

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Taurus Daily Horoscope Today (April 20- May 20), February 11, 2025: Pleasant results will be seen!

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Africa Tech Summit 2025: Over 100 Big Brains in Tech-World Set to Speak in Nairobi

[ Tue, Feb 11th ]: cnbctv18

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[ Tue, Feb 11th ]: Nairametrics

Tinubu lauds Tolaram on IFC's $50 million equity investment in Lagos Free Zone

[ Tue, Feb 11th ]: Tuko

Kenya National Police Service Commission Announces 149 Job Vacancies 2025

[ Tue, Feb 11th ]: TechCrunch

Lyft to launch Mobileye-powered robotaxis 'as soon as 2026,' starting with Dallas

[ Tue, Feb 11th ]: Reuters

UniCredit beats 2024 profit goal and vows to match result this year

[ Tue, Feb 11th ]: Goodreturns

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[ Tue, Feb 11th ]: MSN

US consumer finance watchdog chief tells all staff to cease work

Mon, February 10, 2025

[ Mon, Feb 10th ]: Devex

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[ Mon, Feb 10th ]: Upstream

Interra suspends shares and seeks legal guidance after Myanmar report claims

[ Mon, Feb 10th ]: MSN

Amazon to Pass Walmart and Become America's Largest Company

[ Mon, Feb 10th ]: CNET

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[ Mon, Feb 10th ]: cnbctv18

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[ Mon, Feb 10th ]: AOL

Elon Musk reportedly offers $97.4B for OpenAI. Sam Altman says 'no thank you'

[ Mon, Feb 10th ]: Kiplinger

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[ Mon, Feb 10th ]: Reuters

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[ Mon, Feb 10th ]: Reuters

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[ Mon, Feb 10th ]: coloradopolitics

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[ Mon, Feb 10th ]: MSN

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[ Mon, Feb 10th ]: Tuko

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[ Mon, Feb 10th ]: cnbctv18

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[ Mon, Feb 10th ]: MSN

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[ Mon, Feb 10th ]: business

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[ Mon, Feb 10th ]: Reuters

Hyatt to acquire Playa Hotels for $2.6 billion

[ Mon, Feb 10th ]: Indiatimes

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[ Mon, Feb 10th ]: Tuko

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[ Mon, Feb 10th ]: Kiplinger

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[ Mon, Feb 10th ]: MSN

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[ Mon, Feb 10th ]: MSN

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[ Mon, Feb 10th ]: Reuters

Singapore's DBS surges to record on higher margins, capital return plans

[ Mon, Feb 10th ]: Reuters

Billionaire Trump says time's up for lowly US penny

[ Mon, Feb 10th ]: ProPakistani

Govt Likely to Withdraw Excise Duty on Property Transfer

Sun, February 9, 2025

[ Sun, Feb 09th ]: Reuters

Taiwan looks to buy Alaskan natural gas as seeks to head off US tariffs

[ Sun, Feb 09th ]: Reuters

Japan runs record current account surplus in 2024 on foreign investment returns

[ Sun, Feb 09th ]: Reuters

Singapore bank DBS fourth-quarter net profit rises 10% on year, meets forecast

[ Sun, Feb 09th ]: Reuters

Singapore bank DBS fourth-quarter net profit rises 10% on year

[ Sun, Feb 09th ]: Mint

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[ Sat, Feb 08th ]: Yahoo

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Singapore's DBS surges to record on higher margins, capital return plans

//business-finance.news-articles.net/content/202 .. cord-on-higher-margins-capital-return-plans.html

Published in Business and Finance on Monday, February 10th 2025 at 1:40 GMT by Reuters

DBS Group , Singapore's biggest bank, posted a 10% rise in net profit in the fourth quarter from a year earlier on the back of growth in both commercial book and markets trading, according to stock exchange filing on Monday.

DBS Group Holdings Ltd, Singapore's largest bank, reported a 2% increase in its fourth-quarter net profit, reaching S$2.39 billion ($1.78 billion), which was slightly below the S$2.41 billion expected by analysts. This growth was driven by a 9% rise in fee income, although this was offset by a 7% decrease in net interest income due to narrower margins. For the full year, DBS's net profit surged by 26% to S$10.06 billion, surpassing its previous record set in 2021. The bank also announced a final dividend of 54 Singapore cents per share, contributing to a total annual payout of S$2.02 per share. Looking forward, DBS expects a return on equity of 15% to 17% for 2024, with total income growth projected at 5% to 7%, despite anticipating a slight decrease in net interest margins.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/singapore-bank-dbs-fourth-quarter-net-profit-rises-10-year-2025-02-09/ ]

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