Piyush Gupta, general director of DBS Group Holdings Ltd., during a press conference in Singapore, on Monday, February 10, 2025, DBS shares jumped after the lender reported earnings that met the expectations and presented the investor payment plan.
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After a sterling 2024, when the largest bank in Singapore, according to assets, reserved record net profits, general director of DBS Piyush Gupta said that the bank must have “agility” and “agility” to move around the “agitated” 2025 in the midst of an unpredictable tariff and Monetary policy from the USA
Speaking in an exclusive interview with JP ONG CNBC, Gupta said: “In fact, we are quite aware of the fact that Trump's administration could use economic tools as (a) weapons, and therefore tariffs and tax policies, etc., may change.”
Guptta comments appear as the largest Southeast Asia Bank according to assets solid shows in the results of full year, At net profit, reaching a record level.
During the budget year on December 31, the bank noted an increase in net profits by 11% to $ 11.4 billion Singapore ($ 8.4 billion), while revenues reserved 10% increase to $ 22.3 billion SG.
Gupta described the performance as “great” and added that he was “quite satisfied with the width of the performance.”
DBS assigned an increase in several factors, including Recordable income with a high fee and sales of tax clients reaching a new level. The bank's interest income, which is an interest that the bank earns for loans, minus what it pays for deposits increased by 5% year -on -year to USD 15.04 billion.
DBS shares increased to a record -breaking level of $ 46.5 SG after the results.
In addition, due to the reduced expectations of interest rate discounts on the part of the US Federal Reserve, DBS expects that net interest income in 2025 will be higher than the 2024 levels.
“Interest income is always difficult to predict, because the impact of rates is diverse,” Gupta said, adding that DBS originally predicted four rates of rates by the FED in 2025, but reduced this forecast Up to two cuts in a report on earnings published on Monday.
After star results, the bank proposed a final dividend of 60 cents of Singapore per share in the fourth quarter, which is an increase of six cents from the previous payment.
This would mean that the total DBS dividend for a budget year 2024 will be USD 2.22 per share, which is an increase of 27%year on year.
In addition to the usual dividend, DBS announced a new dividend of “capital return” in the amount of 15 cents of Singapore per share for each quarter in 2025, as part of the measures of capital surplus.
“In the next two years, he expects to pay a similar amount of capital through these or other mechanisms, except for unforeseen circumstances” Added a bank.
Gupta said that the adequacy of the bank's capital is currently 17%, more than 13%, which said it was its operational scope.
The adequacy of capital is an indicator of capital that the bank has, reported as a percentage of credit exposure weighted by the bank's risk.
“That's why we have a lot of surplus capital and we promised shareholders that in time we will be reasonable and we will return the surplus of capital we have. So most shareholders were waiting for our commitment to return the surplus of capital, “he added.
The announcement of the results will be the last CEO of DBS. He will be handing over the bank of the bank Deputy CEO SU Shan On March 28 at the annual complaint of the bank.
When asked about his plans after 15 years at the largest bank in Southeast Asia, Gupta did not reveal any details, but said CNBC: “I intend to take a deep breath, spend three or four months, give myself some time to relax a little, and then We take it from there. “