DBS Group Holdings Ltd · SGX:D05
DBS — Q3 2023 Earnings Presentation
5 slides from DBS's earnings presentation, Nov 6, 2023
Slide 1: CEO observations
CEO observations DBS Group Holdings 3Q 2023 financial results November 6, 2023 Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to parties outside the presentation. DBS Bank accepts no liability what
Slide 2: Record total income in 3Q
Record total income in 3Q ▪ Total income up 16% yoy to record $5.19bn ▪ NIM rises for seventh consecutive quarter – Group NIM up 3bp qoq to 2.19% due to commercial book as well as lower TM drag ▪ Excluding Citi Taiwan, loans declined – Unattractive pricing for trade and higher repayments for non-tra
Slide 3: Digital disruptions – committed to doing better
Digital disruptions – committed to doing better ▪ Comprehensive set of measures being implemented – Change management – System resilience / recovery – Incident management – Technology risk governance and oversight ▪ Expect to deliver improved service availability and quicker service recovery as we p
Slide 4: 2024 outlook
2024 outlook ▪ Uncertainty from macroeconomic slowdown and geopolitical risks ▪ Net interest income around 2023 level – Higher-for-longer rates support NIM, but likely trade-off with loan growth ▪ Fee income momentum to be sustained by wealth management and cards ▪ Profit before allowances to be hig
Slide 5: CEO observations
CEO observations DBS Group Holdings 3Q 2023 financial results November 6, 2023 Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to parties outside the presentation. DBS Bank accepts no liability what