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DBS Group Holdings’ 1H15 Earnings Up 8.5% To A New High Of $2,386 Million
Daily Bulletin | 27 July 2015
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DBS Group Holdings announced 1H15 total income of $5,562 million expanding 12.1 percent from the same period last year, while net profit grew 8.5 percent to a new high of $2,386 million. The record performance was attributed to improved net interest margin, broad-based fee income growth and stronger treasury contributions.

Net interest income increased 12.7 percent to $3,433 million, while net interest margin improved six basis points to 1.72 percent. Loans grew by a reported 9 percent to $280 billion.

All business units achieved new highs in terms of income with the wealth management customer segment rising 41 percent as assets under management increased 22 percent to $143 billion.

As at end-1H15, non-performing ratio remained unchanged at 0.9 percent while the cost-income ratio was unchanged at 44 percent.

DBS Group Hldgs  25.050 +0.11 +0.44%   
Business: [FY18 Total Income] Institutional banking (43.7%), consumer banking/wealth management (42.9%), treasury markets and others (13.4%).

Insight: Apr-19, 1Q19 net profit rose 9% to a record $1.7b.... Read More

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