Letter From The Chairman & CEO
Letter from Chairman and CEO
In 2014, we delivered record earnings and income, with market capitalisation hitting SGD 50 billion.
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CEO Interview
CEO Interview
Our CEO Piyush Gupta shares his insights on the macro economy, industry trends and key business issues.
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Financial Statements
Financial Statements
Download DBS’ 2014 financial reports here.
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Governance
Governance
See how we are committed to the highest standards of integrity, ethics and professionalism.
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How We Create Value
How We Create Value
See how we generate sustainable returns in a responsible manner and deliver value to our stakeholders.
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Our Priorities for 2014
Our Our 2014 priorities
Read about our priorities for 2014.
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Our Performance
Our Performance
See how we have performed for each stakeholder group in 2014.
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Value Distribution
Value Distribution
See how we distributed financial value in 2014.
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Key Financial Highlights

Grow Income

Income (SGD m)

Grow Income Graph Target: Deliver consistent income growth
Outcome: 8% income growth to record SGD 9.62 billion

Manage Expenses

Cost/Income (%)

Manage Expenses Graph Target: Be cost efficient while investing for growth; cost-income ratio target of 45% or better
Outcome: Cost-income ratio in line with target of 45%. Continue to drive efficiency through strategic cost management efforts. Savings of SGD 500 million over three years reinvested in headcount and new capabilities including digital

Manage Portfolio Risk

Specific Allowances/Average Loans (bp)

Specific Allowances/Average Loans graph Target: Grow exposures prudently, aligned to risk appetite. Expect specific allowances to average 25 basis points (bp) of loans through the economic cycle
Outcome: Specific allowances as a percentage of loans maintained at 18 bp

Improve Returns

Return on Equity (%)

Return on Equity graph Target: Return on equity of 12% or better in a normalised interest rate environment
Outcome: Double-digit return on equity in a low interest rate environment