DBS Group Holdings Ltd · SGX:D05
DBS — Q2 2023 Earnings Presentation
5 slides from DBS's earnings presentation, Aug 3, 2023
Slide 1: CEO observations
CEO observations DBS Group Holdings 2Q 2023 financial results August 3, 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 whatso
Slide 2: Another record quarter
Another record quarter ▪ ROE at new quarterly high of 19.2%, total income crosses $5bn ▪ NIM rises for sixth consecutive quarter o Group NIM up 4bp QoQ to 2.16% as commercial book NIM rises 12bp ▪ Fee income up 7% YoY, first YoY increase in six quarters ▪ Cost-income ratio at 38% o Expense growth dr
Slide 3: Outlook
Outlook ▪ Overall macroeconomic and business outlook slower o Loan growth of low-single-digit for full year from non-trade corporate loans and trade loans in 2H o Dampened by higher interest rates and sharp rise in Hibor ▪ Upside bias to NIM from current levels o US interest rate increases in 2H and
Slide 4: Outlook
Outlook ▪ Treasury Markets trading income affected by higher funding costs, run-rate lowered to $230 million per quarter ▪ Expense growth around 10% for full year, cost-income ratio below 40% o Base effects in 1H wane in 2H ▪ SP at low end of 10-15bp range ▪ Another record year as 1H drivers sustain
Slide 5: CEO observations
CEO observations DBS Group Holdings 2Q 2023 financial results August 3, 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 whatso