Its non-performing loan ratio for 4QFY2024 was 1.1%, up from 1% in the preceding 3QFY2024.
DBS Group Holdings has reported a net profit of $2.62 billion for its 4QFY2024 ended Dec 31, 2024, up 10% y-o-y but down 13% q-o-q. This brings its full-year earnings to a new record of $11.4 billion, up 11% over the preceding FY2023.
The bank enjoyed all-round growth from its commercial book net interest margin, fee income, treasury customer sales and markets trading income. Meanwhile, cost-income ratio was held steady at 40% and return on equity reached 18%.
