Fourth-quarter net profit increases 8% to SGD 731 milion
SINGAPORE, 10 February 2012 – DBS Group Holdings reported net profit of SGD 3.04 billion for 2011, an increase of 15% from the previous year. Earnings crossed the SGD 3 billion mark for the first time as increased business volumes and customer flows propelled total income to a new high of SGD 7.63 billion. DBS’ focused execution of strategic initiatives, prudent risk management and strong balance sheet enabled it to capture opportunities across the region in a challenging environment. Return on equity rose to 11.0% from 10.2% a year ago.
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