DBS Group has announced a record net profit of S$3.08b for the second quarter of 2026, marking a 9% increase from the previous year. The bank’s total income rose by 6% to reach a new high of S$6.09b, despite facing a challenging interest rate environment. This growth was largely attributed to higher non-interest income and the structural expansion of its customer franchise.
The bank’s fee income remained near record levels, whilst treasury customer sales hit a new peak, bolstered by sustained momentum in wealth management. Notably, assets under management in the Wealth segment exceeded S$500b for the first time. Although group net interest income experienced a slight decline due to lower interest rates, strong loan and deposit growth, along with proactive hedging, mitigated much of the impact. The cost-income ratio stood at 39%.
For the first half of 2026, DBS reported total income and net profit increases of 3% and 5%, respectively, reaching new highs of SGD 12.0 billion and SGD 6.01 billion. The bank’s return on equity was 17.5%, with a return on tangible equity of 19.2%.
DBS CEO Tan Su Shan highlighted the bank’s robust performance, stating, “We delivered a strong set of results for the first half, anchored by the strength of our wealth management franchise.” She also noted the completion of DBS’s inaugural synthetic securitisation transaction, enhancing the bank’s capital management capabilities.
Looking ahead, DBS remains confident in its ability to capture growth opportunities, supported by a strong balance sheet, sound asset quality, and healthy allowance reserves.
