DBS Group Holdings Ltd (DBSDY) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.655 -- 00:00:05.862 Good morning, everyone, and welcome to DBS's third quarter financial results briefing. 00:00:05.862 -- 00:00:11.729 This morning, we announced that quarter profit before tax up 1% to a record $3.48 00:00:11.729 -- 00:00:16.215 billion and ROE of 17.1%. Nine-month 00:00:16.215 -- 00:00:20.801 total income and profit before tax reached new highs. 00:00:20.801 -- 00:00:25.928 As per our norm, our CEO Tan Su Shan and CFO Cheng Sok Hui will start by sharing more 00:00:25.928 -- 00:00:30.980 about the quarter. Both will be speaking to slides, which you will see on screen. 00:00:30.980 -- 00:00:34.875 The slide can also be found on our investor relations website. 00:00:34.875 -- 00:00:37.144 And thereafter, we will take media questions. 00:00:37.144 -- 00:00:39.693 So without further ado, tell 00:00:39.693 -- 00:00:40.093 me. 00:00:39.774 -- 00:00:43.079 Thanks, Agnes. And good morning, everyone. 00:00:43.079 -- 00:00:48.148 I'll start with slide 2. We delivered a strong set of results in the third 00:00:48.148 -- 00:00:53.818 quarter. Pre-tax profit rose 1% year-on-year to a record $3.48 00:00:53.818 -- 00:00:58.586 billion, with ROE at 17.1% and 00:00:58.586 -- 00:01:01.869 ROTE at 18.9%. 00:01:02.293 -- 00:01:07.021 Total income grew 3% to a new high of $5.93 00:01:07.021 -- 00:01:12.490 billion. Group net interest income was little changed as strong deposit 00:01:12.490 -- 00:01:17.558 growth and proactive balance sheet hedging mitigated the impact of 00:01:17.558 -- 00:01:22.707 lower rates. Fee income and treasury customer sales reached new highs led by 00:01:22.707 -- 00:01:27.835 wealth management, while markets trading income increased on lower funding costs 00:01:27.835 -- 00:01:33.282 and a more conducive trading environment. F...