DBS boosts allowance reserves amid uncertainties, Q1 profit beats views

Singapore's DBS Q1 profits dip 2% amid Trump headwinds

SINGAPORE -- Singaporean lender DBS Group Holdings, Southeast Asia's largest bank by assets, on Thursday reported a 2% year-on-year fall in its first

DBS Q1 net profit drops 2% to $2.9 billion; sees lower earnings for 2025

Bank to pay total dividend of 75 cents per share, which includes a capital return dividend of 15 cents. Read more at straitstimes.com.

DBS boosts allowance reserves amid uncertainties, Q1 profit beats views

SINGAPORE: Singapore's biggest bank, DBS Group, boosted its general allowance reserves amid heightened macroeconomic and geopolitical uncertainty on Thursday (May 8) after posting a 2 per cent year-on-year drop in first-quarter net profit, which beat expectations. "Recent escalations in trade tensions have

DBS Forecasts Lower Profit From Global Minimum Tax

Due to a newly introduced global minimum tax for multinationals in Singapore, DBS recorded a lower net profit in the first quarter and expects this trend to persist for the rest of 2025. DBS’ net profit fell 2 percent year-on-year to S$2.9 billion ($2.2 billion) in the first quarter of 2025, according to the bank’s financial results, driven by higher tax expenses from the newly implemented global minimum tax rate of 15 percent for large Singapor…