Q4 2021 DBS Group Holdings Ltd Earnings Press Conference Transcript
Good morning, and welcome to DBS Fourth Quarter and Full Year Financial Results Briefing. This morning, we announced record full year net profit of $6.8 billion, up 44% from the previous year. Return on equity rose to 12.5% from 9.1% a year ago. Fourth quarter net profit was $1.39 billion, a 37% increase from a year ago. And to take us through the key highlights today, we have with us our CEO, Piyush Gupta; and our CFO, Chng Sok Hui. Without further ado, Sok Hui, please.
Thank you. Good morning, everyone, and a very happy Lunar New Year to all. I hope the Year of the Tiger brings with it strength and vitality. DBS full year net profit rose 44% to a record $6.8 billion, and return on equity rose 3.4 percentage points to 12.5%. Strong business momentum mitigated the impact of lower interest rates and lower investment gains from the high base in 2020. Loans grew 9%, the fastest rate since 2014. And both fee income and Treasury
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