DBS Group Holdings Ltd (OTCPK:DBSDF)

$ 31.25 -2.15 (-6.44%) Market Cap: 84.17 Bil Enterprise Value: 129.19 Bil PE Ratio: 10.78 PB Ratio: 1.68 GF Score: 76/100

Full Year 2019 DBS Group Holdings Ltd Earnings Media Briefing Transcript

Feb 13, 2020 / 02:30AM GMT

Release Date Price: $16.57 (+1.05%)

Transcript

Edna Koh

DBS Bank Ltd. - Executive Director of Group Strategic Marketing & Communications

Good morning, and a very warm welcome to DBS' Fourth Quarter and Full Year 2019 Financial Results Briefing. As you know, we typically have a physical results briefing every quarter. But this time around because of the coronavirus situation, we thought it'd be more prudent for us to be engaged virtually instead. So to everyone joining us on the webcast and telecon, thank you for your time.

This morning, we announced another record performance with 2019 net profit at $6.39 billion. ROE at 13.2% was also new high. For the fourth quarter, earnings rose 14% to $1.51 billion.

And so to tell us more, we have, as usual, our CEO, Piyush Gupta; and our CFO, Chng Sok Hui Lim.

Sok Hui Lim

DBS Group Holdings Ltd - CFO

Thanks, Edna. Good morning, everyone. We achieved another record performance in 2019 as net profit rose 14% to $6.39 billion. Total income increased 10% to $14.5 billion from loan growth, a higher net interest margin and double-digit percentage

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