PIIOUUOUH Gupta, CEO of DBS Group Holdings Ltd. During a press conference in Singapore, on Monday, February 10, 2025, DBS shares jumped after the lender reported profits that fulfill expectations and unveiled the investor’s payment plan.
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After getting a pound sterling in 2024 when the largest bank in Singapore booked by the assets, record profits, CEO of DBS PIYUUUUUUUUUH Gupta said that the bank needs “lightness of movement” and “drawing” for transportation “volatile” 2025 amid unexpected tariffs and monetary policies From the United States from the United States
Speaking in an exclusive interview by CNBC JP ONG, Gobta said, “We are actually aware of the fact that the Trump administration can use economic tools as a weapon, thus tariffs and tax policies, etc., can change.”
Gupta comments come as the largest bank in Southeast Asia through the published assets A strong offer in the results of the entire year, With a net profit reaches a standard level.
For the fiscal year ending December 31, the bank increased by 11 % in a net net profit for a full year to $ 11.4 billion, Singapore (8.4 billion dollars), while revenue booked an increase of 10 % to $ 22.3 billion.
Gupta described the performance as “wonderful” and added that he was “completely pleased with the performance offered.”
DBS attributed the increase to several factors, including High income record and sales of closet clients up to the highest new level. The bank’s net interest income increased, which is the interest the bank gets on the loans, which leads to deposits, by 5 % on an annual basis to 15.04 billion Singapore dollars.
DBS shares rose to a record height during the day of $ 46.5 Singapore, following the results.
Moreover, due to the reduction in the expenses of interest rates from the American Federal Reserve, DBS expects that the net interest income in 2025 will be higher than 2024 levels.
“It is always difficult to predict the interest of interest because the prices of prices are raised,” said Gupta. These expectations were reduced To two discounts in a report issued on Monday.
In the wake of the stellar results, the bank proposed a final profit of 60 cents for Singapore per share for the fourth quarter, an increase of six cents over the previous payment.
This may mean that the total DBS profit for the fiscal year 2024 will be held at a price of $ 2.22 for the share, which is an annual increase of 27 %.
In addition to the distribution of regular profits, DBS announced the distribution of the new “capital return” profits of 15 cents in Singapore per share per quarter in 2025, as part of measures to manage excessive capital.
“In the following two years, you expect to pay a similar amount of capital either through these or other mechanisms, with the exception of unexpected conditions,” The bank added.
Gobta said the bank’s capital adequacy is 17 %, or more than 13 % that DBS said this is the operating scope.
The adequacy of capital is the percentage of capital owned by the bank, which was reported as a percentage of the likely credit for the bank’s risk.
“Therefore, we have a lot of extra capital, and we have promised the shareholders that with the passage of time we will be wise and return the extra shares of our capital. So most of the shareholders were waiting for our commitment to restore excessive capital, and added.
The announcement of this results will be the last CEO of Gupta. The bank’s reins will be delivered to CEO Tan Suan on March 28 at the bank’s annual meeting.
When asked about his plans 15 years after the largest bank in Southeast Asia, Gobta told CNBC that he would follow his personal feelings, including in memorization and education, but besides that, “I will take a deep breath, spend three or four months, give myself some time To relax a little, then take it from there. “
