Looking into this year, net interest income will be slightly above 2024, based on two rate cuts expected in the second half, chief executive officer (CEO) Piyush Gupta and his deputy Tan Su Shan said in a presentation accompanying the earnings. That’s better than the guidance made at the third-quarter results when the bank guided for similar levels.
DBS Group Holdings shares jumped after the lender reported earnings that met expectations and unveiled a investor payout plan.
Southeast Asia’s biggest lender plans to introduce a dividend of 15 Singapore cents per share per quarter to be paid out over 2025 as a start, DBS said Monday. A similar amount of capital either through this or other mechanisms in the subsequent two years is expected to be distributed, showing commitment to managing down its stock of excess capital, it said.
