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DBS has ‘good shot’ of keeping profit close to 2025’s levels, says CFO

Kwan Wei Kevin Tan and Felicia Tan
Kwan Wei Kevin Tan and Felicia Tan • 7 min read
DBS has ‘good shot’ of keeping profit close to 2025’s levels, says CFO
“Things may still pan out, but as far as we can see, it's actually turned slightly more positive than the last guidance,” says DBS CFO Chng Sok Hui. Photo: Bloomberg
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DBS Group Holdings (SGX:D05) has kept its full-year guidance largely unchanged after a strong first quarter.

For the 1QFY2026 ended March 31, the bank reported net profit of $2.93 billion, up 1% y-o-y and 24% q-o-q. Total income reached a new high of $5.95 billion, while return on equity (ROE) stood at 17%.

In 2026, the bank says it expects its total income to be largely unchanged y-o-y. It also expects its commercial book non-interest income to grow in the high single digits. Cost-income ratio is expected to be in the low 40s, while specific provisions are assumed to be within 17 basis points (bps) to 20 bps.

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