DBS Group Holdings 1Q 2025 Results and Outlook
DBS Group reported a strong start to 2025, achieving record total income and profit before tax in the first quarter. Business growth was robust, particularly driven by wealth management, fees, and markets trading. Despite net profit being slightly lower year-on-year due to the global minimum tax, the bank maintained a high return on equity and resilient asset quality. General allowance reserves were prudently strengthened against heightened uncertainty. • The period saw broad-based business expansion, with a notable surge in a key customer segment • Performance was boosted by a significant…
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