Yesterday, announced a pre-tax profit of S$6.274 billion ($4.94 billion) for the second half of last year, slipping 2 per cent on a year earlier; for all of 2025, profit rose 1 per cent to S$13.1 billion.
The Singapore-listed banking group said commercial book net fee income rose 18 per cent in the second half of 2025, year-on-year, to $2.46 billion. The increase was “broad-based and led by wealth management fees,” which rose 28 per cent to a record $1.44 billion from growth in investment products and bancassurance. For all of 2025, wealth fees and commission income rose 29 per cent to S$2.814 billion.
Pre-tax income in the commercial banking/wealth management arm was £2.145 billion in the second half of 2025, up from S$2.091 billion a year earlier.
Loan-related, investment banking and transaction service fees were also higher, DBS said.
In her outlook for results in 2026, CEO Tan Su Shan (pictured below) said total income is expected to come in at around the 2025 levels; group net interest income will be “slightly below” 2025 levels. DBS commercial book noninterest income growth will be high single digits, and mid-teens percentage growth is expected in wealth management.
Tan Su Shan
On a reported basis, the bank said it had a Common Equity Tier-1 ratio of 17.0 per cent.
Shares have risen more than 28.2 per cent in the 12 months to 9 February; yesterday, they closed up 3.17 per cent from the start of January this year.