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DBS Reports 2016 Results

DBS Group reported a net profit of SGD 4.24 billion for 2016, 2% lower than 2015 as it was offset by higher allowances. The total income rose by 6% to 11.5 billion from higher loan volumes, improved net interest margin and broad based non interest income growth.

Income from Consumer Banking/Wealth Management rose 21% to SGD 4.28 billion. Wealth Management customer segment income increased 19% to SGD 1.68 billion with assets under management growing 14% during the year to SGD 166 billion.

News Source: DBS Press Release


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About DBS Bank

DBS Bank
DBS Bank

DBS Bank Ltd (SGX:D05) is a Singaporean multinational banking and financial services company. The company was known as The Development Bank of Singapore Limited, before the present name was adopted in July 2003 to reflect its changing role as a regional bank. Founded in 1968, DBS acquired POSB (Post Office Savings Bank) in 1998. With over

280 branches across 18 markets in Asia, DBS serves over four million customers in the three key Asian axes of growth, namely, Greater China, Southeast Asia and South Asia.

  • Origin : Singapore
  • Assets : SGD 458 billion
  • Revenue : SGD 10.8 billion
  • Employees : 22,000

Official Website: www.dbs.com

News & Media: Press Release

Updated on 8th August 2016

 




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