DBS: Wealth Management Fuels Record Income
Strong fee income from wealth management drove record income at DBS for the third quarter of 2025.
DBS’ net profit dipped 2 percent year-on-year to nearly S$3 billion ($2.3 billion) in the third quarter of 2025, according to the bank’s financial results, which was attributed to the impact of a newly implemented reform for global minimum tax. Profit before tax climbed 1 percent to a record S$3.5 billion.
Total income rose 3 percent to S$5.9 billion – also a record – as net interest income saw little change, while fee income and treasury customer sales reached new highs led by wealth management. Markets trading income increased from lower funding cost and a more conducive trading environment. Expenses increased 6 percent to S$2.4 billion, led by higher staff costs as bonus accruals grew in tandem with performance.
In the first nine months of the year, the bank’s profit totalled S$8.7 billion, down 1 percent.
«As we enter the coming year, we will continue to navigate the pressures of declining interest rates with nimble balance sheet management and our ability to capture structural opportunities across wealth management and institutional banking,» commented DBS CEO Tan Su Shan.
