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Piyush Gupta, Executive Director of DBS Group Holdings Ltd., during a press conference in Singapore, on Monday, February 10, 2025. DBS actions jumped after the lender reported profits that met expectations and revealed a plan of Payment of investors.
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After a 2024 Sterling when the largest asset bank for assets reserved record net prof of unpredictable rates and monetary policies of the United States of the United States.
Speaking in an exclusive interview of JP NGOs from CNBC, Gupta said that “we are actually quite aware of the fact that the Trump administration could use economic tools such as (a) weapon and, therefore, rates and fiscal policies, etc. . They can change. “
GUPTA’s comments are produced as the largest bank in Southeast Asia for published assets a solid sample in its results of the whole year, With net gains reaching a record.
For the financial year completed on December 31, the Bank saw a 11% increase in net profits from all over the year to 11.4 billion dollars from Singapore ($ 8.4 billion), while revenues reserved a 10% increase A SG $ 22.3 billion.
Gupta described the performance as “great” and added that he was “quite satisfied with the amplitude of the performance.”
DBS attributed the increase to several factors, including A high rate record and sales of treasure customers that reach a new high. Bank’s net interest income, which is the interest that a bank earns in less loans, which pays for deposits, increased 5% year after year to SG $ 15.04 billion.
DBS shares increased to an Intraay record of SG $ 46.5 after the results.
In addition, due to the reduction of the expectations of the interest rate cuts of the United States Federal Reserve, DBS expects net interest income in 2025 to be higher than 2024 levels.
“Interest admission is always difficult to predict because the impact of rates is multiple,” Gupta said, adding that DBS had originally projected four rate cuts by the Fed in 2025, but has reduced that forecast Two cuts in your profit report published on Monday.
After the star results, the bank proposed a final dividend of 60 cents of Singapore per share for the fourth quarter, an increase of six cents of the previous payment.
This would mean that the total DBS dividend for financial year 2024 will remain at SG $ 2.22 per share, an interannual increase of 27%.
In addition to the regular dividend, DBS announced a new dividend of “capital return” of 15 cents of Singapore per action for each quarter in 2025, as part of the measures to administer excess capital.
“In the later two years, he hopes to pay a similar amount of capital, either through this or other mechanisms, except the unforeseen circumstances.” The bank added.
Gupta said the bank’s capital adequacy is currently 17%, more than 13% that DBS said it is its operational range.
Capital adaptation is the relationship between capital that a bank has, informed as a percentage of credit exposures weighted in the risk of a bank.
“Therefore, we have a lot of capital, and we have promised the shareholders that we will be judicious over time and we will return the excess capital stocks we have. Therefore, most shareholders have been waiting for our commitment to return That excess capital, “he added.
This announcement of results will be the last of GUPTA as CEO of DBS. He will be Delivering the reins of the bank to the CEO Vice President so your Shan on March 28 at the Bank’s General Bank.
When asked about his plans after 15 years at the largest bank in Southeast Asia, Gupta did not reveal any detail, but told CNBC: “I’m going to breathe deeply, spend three or four months, give me some time to relax a Little, and then we take it from there. “
