Monday, 27 July 2015

DBS H1 2015

Highlights

Record 1H earnings of $2.39 billion; 2Q earnings on par with record 1Q


1H total income rises 14% to cross $5 billion for first time, propelled by 16% rise in 2Q

Net interest income and fee income at half-year and quarterly highs

2Q NIM up 6bp on quarter to 1.75%, highest in 13 quarters

1H ROE of 11.9% Strong liquidity and asset quality maintained LCR of 131%, NSFR above 100%

NPL of 0.9%, allowance coverage at 160% 1H dividend increased to 30 cents per share

Higher payout commensurate with strengthened earnings In line with policy of progressive and sustainable dividends



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