DBS Group has reported a record profit before tax of S$3.48b for the third quarter of 2025, marking a 1% increase from the previous year. The bank’s total income also hit a new high of S$5.93b, bolstered by robust deposit momentum and strategic hedging against lower interest rates. Despite a 2% decline in net profit to S$2.95b due to the global minimum tax, the return on equity stood at an impressive 17.1%.
The bank’s performance was underpinned by record highs in fee income and treasury customer sales, particularly in wealth management, alongside increased markets trading income. The cost-income ratio was maintained at 40%. Compared to the previous quarter, total income and net profit grew by 3% and 5%, respectively.
For the first nine months of the year, DBS saw a 5% rise in total income to SGD 17.6 billion and a 3% increase in profit before tax to S$10.3 billion. However, net profit was slightly down by 1% due to increased tax expenses.
DBS CEO Tan Su Shan commented, “We delivered a strong set of results for the third quarter with record pre-tax profit and ROE above 17%. Total income reached a new high as we sustained the strong momentum in wealth management and deposit growth whilst mitigating external rate pressures through proactive balance sheet hedging.”
As DBS looks ahead, it plans to continue navigating the challenges of declining interest rates with agile balance sheet management and capitalising on opportunities in wealth management and institutional banking.
