Total income grew by 22% y-o-y to $20 billion due to the higher net interest margin (NIM) of 2.15% for the full year.
Analysts from Citi Research and RHB Bank Singapore have upgraded their outlook on DBS Group Holdings after the bank met its $10 billion earnings target for the FY2023 ended Dec 31, 2023.
DBS, on Feb 7, reported a net profit of $10.3 billion for the full year, 26% higher y-o-y and crossing the $10 billion mark for the first time.
