DBS’ net profit up 10% to $3.8b in FY14

On back of higher NIM, loan volume and fee income.

DBS today reported that its net profit grew 10% to $3.8b for FY14, on back of higher net interest margin, loan volumes and fee income.

Full-year net interest income rose 14% to $6.32b. Loans grew 9% in constant currency terms to $276b from regional corporate borrowing and secured consumer loans.

Net interest margin improved six basis points to 1.68% as loan pricing improved and securities yields were higher while deposit costs were stable.

Fee income grew 8% to $2.03b. The stronger performance was led by a 23% increase in wealth management fees from higher unit trust and bancassurance sales and a 27% rise in investment banking fees from increased debt capital market activities.

Card fees were also higher, but these increases were partially offset by lower stockbroking commissions.

The improvement in fee income was offset by a 14% decline in other non-interest income to $1.27b. Overall non-interest income fell 2% to $3.3b.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia