DBS Group Holdings’ 1H15 Earnings Up 8.5% To A New High Of $2,386 Million

DBS Group Holdings announced 1H15 total income of $5,562 million expanding 12.1 percent from the same period last year, while net profit grew 8.5 percent to a new high of $2,386 million. The record performance was attributed to improved net interest margin, broad-based fee income growth and stronger treasury contributions.

Net interest income increased 12.7 percent to $3,433 million, while net interest margin improved six basis points to 1.72 percent. Loans grew by a reported 9 percent to $280 billion.

All business units achieved new highs in terms of income with the wealth management customer segment rising 41 percent as assets under management increased 22 percent to $143 billion.

As at end-1H15, non-performing ratio remained unchanged at 0.9 percent while the cost-income ratio was unchanged at 44 percent.

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