Singapore's DBS expects yearly earnings to beat $7.5 billion in medium term

Singapore's biggest bank DBS Group on Monday said it expects to lift annual earnings to more than S$10 billion ($7.55 billion) within the next three to five years, after it posted a record first-quarter profit earlier this month. DBS, which is also Southeast Asia's largest lender by assets, premised the projection on its digital transformation and its strong balance sheet and capital, among other factors, it said at an investor day presentation. The forecast is 22% higher than the S$8.19 billion annual net profit it achieved in 2022.

160919_insights_new_avatar_banks_watch_out_for_banks.pdf

Harding, Loevner Funds, Inc.

DBS sees annual profit exceeding $10 billion in medium term

DBS: Championing sustainable growth - Twimbit

Navya Mittal

Saxo Bank Articles And Videos On

DBS Asian Insights

Left Brain - the DBS Vickers Securities Equities Research

The Incredible Shrinking Singapore Stock Market - BNN Bloomberg

Singapore banks Q1 2021 earnings: What to expect from DBS, OCBC, UOB

SEC Filing Eli Lilly and Company

Singapore bank earnings boosted by higher rates but global slowdown, high inflation cloud outlook

DBS profit jumps 32% to record on rates, flags upbeat outlook

Singapore's DBS expects yearly earnings to beat $7.5 bln in medium term