15 Years of Leading with Excellence

DBS Group Holdings Ltd

Annual Report 2024

15 Years of Leading with Excellence
Delivering sustainable growth
Growing with Purpose
Awards & Accolades

15 Years
of Leading with Excellence

Over the past 15 years, DBS has undergone a structural transformation that has enabled us to deliver superior outcomes for the business and the community. By being disciplined in executing against our long-term strategy, DBS has consistently created value, both financial and non-financial, for our stakeholders.

Listen to this chapter

0:00 / 2:00

Delivering sustainable growth

Legend DBS Peer Average

Total income (SGD billion)

Income growth has outpaced peers

Net profit (SGD billion)

Net profit has grown fivefold since 2009

Income mix (%)

Percentage of group income from high-ROE segment has doubled from 24% in 2009 to 50% in 2024

Return on equity (%)

Return on equity has more than doubled since 2009, surpassing peers

Total shareholder return (%)

Annualised total shareholder return of 13% since end-2009

Market capitalisation (SGD billion)

DBS' market capitalisation crossed SGD 100 billion in 2024 – a first for a Singapore-listed company. It has quadrupled since 2009.

Global comparison

ROE of 18.0% for latest financial period as well as annualised TSR of 13% since end-2009 in top decile of 100 largest banks by assets.

Return on equity (ROE)

DBS' 18.0% ROE places it 7^th among global peers

Total shareholder return (TSR)

DBS' 13% annualised TSR places it 8^th among global peers

Growing with Purpose

Customers

We have grown our customer base substantially on the back of organic growth, strategic acquisitions as well as the strength of our ecosystem partnerships

Consumer Banking/ Wealth Management
2009	2024
4.9m	>18.4m
Institutional Banking
2009	2024
>180,000	>280,000

Employees

While our workforce has nearly tripled, we have continued to build a positive work culture. Since 2016, we have received the Best Employer Award from Kincentric / Mercer which recognises leading employers worldwide using the most objective measure possible - employee opinion.

Total employees

Employee engagement score

* Transited to a new methodology from 2015

Society

We have made a significant impact on society through the DBS Foundation and other community programmes in the markets we are in.

Upsizing our commitment to the community from 2024
SGD 1b	committed over 10 years to foster inclusion and provide essential needs to Asia’s vulnerable
1.5m	volunteer hours over 10 years to give back to society
DBS Foundation - creating impact beyond banking since 2014
SGD 130m	in funding committed
161	Businesses for Impact supported
37	community programmes forged with partners in our six core markets
>1m	volunteer hours contributed through our People of Purpose employee volunteerism movement
Other community initiatives
SGD 25m	donated to the National Gallery Singapore in support of the Gallery’s efforts to tell the Singapore story through visual arts
SGD 10.5m	for the DBS Stronger Together Fund to support hard-hit communities in our key markets during Covid-19