Piyush Gupta, DBS CEO of DBS Group Holdings LTD
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After Sterling 2024, when Singapore’s largest bank has booked a record net profit on the property, DBS Executive director Piyush Gupta said the bank must have “agility” and “nimbles” to move in “Choppy” 2025 in the midst of an unpredictable tariff and monetary policies from the USA
Speaking in an exclusive interview with JP OG CNBC, Gupta said we were actually quite aware of the fact that Trump’s administration could use economic tools as [a] Weapons, and therefore tariffs and tax policies, etc., can change. “
Gupta -S comments come as the largest bank of Southeast Asia according to the published property Solid views in their year -round results, with net profit to reach a record high level.
For the financial year that ended on December 31, the bank recorded 11% of the growth of year -round net profit to $ 11.4 billion in Singapore ($ 8.4 billion), while the revenue booked an increase of 10% to $ 22.3 billion.
Gupta described the performance as “big” and added that “he is quite pleased with the width of the performance.”
DBS has increased an increase in several factors including Record high sales of revenue from fees and customers’ sales by reaching a new high. The net income from the bank interest, which is an interest earned by the bank at the loan minus what pays for deposits, has increased 5% per year at $ 15.04 billion.
DBS sections rose to a record within a day of 46.5 SG after the results.
Furthermore, due to reduced expectations of interest rates from US Federal Reserve, DBS expects net interest revenue in 2025. It will be more than 2024 levels.
“Interest revenues are always difficult to predict because the influence of the rate is many times,” said Gupta, adding that DBS originally projected four decreasing rates by the Fed 2025, but reduced that forecast up to two decreasing in your earning report posted on Monday.
After the star results, the Bank proposed a final dividend of 60 cents of Singapore per share in the fourth quarter, an increase of six cents from the previous payment.
This would mean that the total DBS dividend for 2024 will withstand the financial year of $ 2.22 per share, which will increase an annual increase of 27%.
In addition to the regular dividend, DBS announced the new dividend “return of capital” of 15 cents of Singapore per share for each quarter 2025, as part of measures to manage excess capital.
“In the next two years, it is expected to pay a similar amount of capital either through these or other mechanisms, banning unforeseen circumstances” The bank added.
Gupta said that the adequacy of the bank capital is currently 17%, which is more than 13% that DBS said it was his work.
Capital adequacy is the ratio of the capital a bank reported by as a percentage of credit exposure in a bank pollution.
“Therefore, we have a lot of excess capital and we promised the shareholders that we would eventually be prosecuted and restore the excess of the capital shares we have. So most of the shareholders were waiting for our obligation to return that excess capital,” he added.
This announcement of the results will be the last Gupta as the DBS CEO. He will be The lecture of the Bank’s reins to the Deputy Director Tan are Shan March 28 at the Bank’s Annual Assembly.
When asked about his plans after 15 years at the largest bank of Southeast Asia, Gupta did not reveal any details, but he told CNBC: “I will take a deep breath, spend three or four months, give some time to cool down a little, and then take it out of there .
