星展2025年全年除税前溢利达131亿新元，股本回报率为16.2%

Core Viewpoint - DBS Group Holdings Limited reported a slight increase in pre-tax profit to SGD 13.1 billion for the year ending December 31, 2025, despite challenges from the interest rate environment, with total income rising by 3% to SGD 22.9 billion [1] Group 1: Financial Performance - The net interest income increased marginally to SGD 14.5 billion, supported by effective balance sheet hedging and deposit growth, offsetting pressures from a significant drop in interest rates and a stronger Singapore dollar [1] - The group's net profit decreased by 3% to SGD 11 billion due to increased tax expenses resulting from the implementation of a global minimum tax rate of 15% [1] - The return on equity was reported at 16.2%, with the tangible return on equity reaching 17.8% [1] Group 2: Non-Interest Income - Non-interest income reached a record high, with fee income growing by 18% to SGD 4.9 billion, primarily driven by wealth management activities [2] - Market trading income surged by 49% to SGD 1.37 billion, the highest level since 2021, due to lower financing costs and a more favorable trading environment [2] - Total loans increased by 6% (SGD 24 billion) to SGD 445 billion, with deposits rising by SGD 64 billion (12%) to SGD 610 billion, marking the largest absolute growth in the group's history [2] Group 3: Asset Quality and Dividends - The overall non-performing loan ratio remained stable at 1.0%, despite a downgrade of a previously watch-listed real estate investment to non-performing status [3] - The board proposed a final ordinary share dividend of SGD 0.66 per share, an increase of SGD 0.06 from the previous period, with total dividends for the year amounting to SGD 3.06 per share, a 38% increase from last year [3] - The board plans to maintain a quarterly capital return dividend of SGD 0.15 per share for the fiscal years 2026 and 2027, barring unforeseen circumstances [3]