Event Description
On 07 Feb 2024, DBS Group announced a record-breaking year in 2023, with net profit surging 26% to SGD 10.3 billion and return on equity reaching a new high of 18.0%. Singaporean banks, including operations across Hong Kong, Indonesia, India, China, and Taiwan, are expected to report higher Q4 profits due to increased interest rates.
Total income grew 22%, exceeding SGD 20 billion for the first time, driven by a higher net interest mar...