Dbs Group Holdings Ltd · SGX:D05
Dbs — FY2024 Earnings Presentation
7 slides from Dbs's earnings presentation, February 2025
Slide 1: Record earnings with healthy franchise growth across ASEAN
Record earnings with healthy franchise growth across ASEAN CEO remarks Wee Ee Cheong, Deputy Chairman and Chief Executive Officer For the financial year/fourth quarter ended 31 December 2024 Private and Confidential
Slide 2: Record profits supported by strong core franchise
Record profits supported by strong core franchise Record profits Broad-based drivers Costs & credit costs within guidance FY24 net profit FY24 net interest income FY24 cost-to-income ratio1 S$6.0 billion S$9.7 billion 42.5% +6% YoY flat YoY FY24 net fee income FY24 total credit costs S$2.4 billion 2
Slide 3: Group Wholesale Banking & Markets: Growth momentum across revenue drivers
Group Wholesale Banking & Markets: Growth momentum across revenue drivers Reshaping business mix Diversified income drivers Strength in connectivity Trade loan growth FY24 loan and trade-related Cross-border income +20% YoY fees ~26% of GWB income +4% YoY CASA Group transaction banking +16% YoY FY24
Slide 4: Group Retail Banking: Steady performance with healthy franchise growth
Group Retail Banking: Steady performance with healthy franchise growth Enlarged franchise Strong growth in Broad-based growth in Bright spot in wealth card fees AUM management Customer base in FY24 gross credit card Total AUM1 at FY24 wealth management ASEAN: fees S$190 billion income2 ~ 8.4 million
Slide 5: Capital distribution supported by strong balance sheet
Capital distribution supported by strong balance sheet Strong balance sheet Enhancing shareholder value Common Equity Tier 1 Final dividend of 92 cents per ordinary share 15.5% Total dividend for FY24: S$1.80 per ordinary share Liquidity coverage ratio 148% Special dividend of 50 cents per ordinary
Slide 6: Delivering stable and balanced growth
Delivering stable and balanced growth 2025 outlook • High single-digit loan growth • Double-digit fee growth • Higher total income • Cost-to-income ratio around 42% • Credit costs: 25-30 basis points 6
Slide 7: Right By You
@ Right By You