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<Results> DBS 1Q26 Net Profit Up 1% YoY; Total Income Hits Record High
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DBS announced that net profit for 1Q26 rose 1% YoY to SGD2.93 billion. Supported by strong wealth management performance, fee income and treasury customer sales reached new highs, driving total income to a record SGD5.95 billion. During the period, net interest income fell 5%, mainly due to lower interest rates and a stronger Singapore dollar, which led to a 23 bps narrowing in NIM. The cost-to-income ratio was 39%. Asset quality remained resilient, with the non-performing loan ratio steady at 1.0%, while specific allowances accounted for 14 bps of loans. Return on equity was 17.0%, and return on tangible equity was 18.7%. The board declared a first-quarter ordinary dividend of 66 Singapore cents per share and a capital return dividend of 15 Singapore cents per share. (ha/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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