星展集团全年除税前溢利达131亿新元 财富管理业务表现亮眼

Core Viewpoint - DBS Group Holdings Limited reported a record pre-tax profit of SGD 13.1 billion for 2025, reflecting a slight increase over 2024 levels despite a challenging interest rate environment [1] Group 1: Financial Performance - Total income grew by 3% to a new high of SGD 22.9 billion, supported by strong deposit growth and effective hedging operations [1] - Net interest income saw a slight increase, offsetting pressures from significant interest rate declines and a stronger Singapore dollar [1] - The cost-to-income ratio remained stable at 40% [1] Group 2: Business Segments - Retail banking and wealth management income increased by 4% to SGD 10.5 billion, driven by strong growth in investment product sales and bancassurance [2] - Wealth management income reached a record high, with assets under management growing by 19% to SGD 488 billion, sufficient to counterbalance declines in deposit income due to lower interest rates [2] - Corporate and institutional banking revenue decreased by 3% to SGD 8.91 billion, impacted by lower interest rates despite growth in loan-related, investment banking, and transaction services fees [2] Group 3: Market Activity - Market trading income surged by 49% to SGD 1.37 billion, the highest level since 2021, benefiting from lower financing costs and a favorable trading environment [2] - The bank's CEO highlighted the ability to capture market opportunities and respond to client needs as key drivers of the strong annual performance [2]