DBS Group(US:DBSDY) Jing Ji Guan Cha Wang·2026-02-09 09:37Core Insights - DBS Group Holdings reported a record pre-tax profit of SGD 13.1 billion for the full year 2025 [1] - The bank's total income grew by 3% year-on-year to SGD 22.9 billion, driven by proactive hedging operations and record deposit growth [1] - Despite a challenging interest rate environment, net interest income saw a slight increase [1] - The bank's non-performing loan ratio remained stable at 1.0%, even after a cautious downgrade of a previously monitored real estate investment to non-performing status [1] - Tax expenses increased due to the implementation of a 15% global minimum tax rate, leading to a 3% decline in net profit to SGD 11 billion, with a return on equity of 16.2% and a tangible return on equity of 17.8% [1] Group Insights - The CEO of DBS Group emphasized the record pre-tax profit and return on equity, highlighting the bank's flexibility and adaptability despite adverse factors such as interest rates and tax burdens [2] - Wealth management business drove service fee income and sales to capital clients to new highs, with deposit growth reaching a record level [2] - The bank's ability to capture market opportunities and respond to client needs was identified as a key driver of its strong annual performance [2] - The CEO expressed confidence in the bank's robust business model and solid balance sheet, laying a strong foundation for growth in the coming year despite ongoing interest rate pressures and geopolitical tensions [2]