DBS Group Holdings Ltd (OTCPK:DBSDF)

$ 33.24 0 (0%) Market Cap: 90.21 Bil Enterprise Value: 134.97 Bil PE Ratio: 11.47 PB Ratio: 1.80 GF Score: 77/100

Q2 2024 DBS Group Holdings Ltd Media Briefing Transcript

Aug 07, 2024 / 09:30AM GMT

Release Date Price: $24.64 (+2.03%)

Transcript

Unidentified_Corporate_Representative

Okay. We will now resume the second part of our briefing. So on Q2, we reported today that we had another solid quarter with second quarter net profit of $2.8 billion, up 4% from a year ago. And return on equity was 18.2%. And this took our first half net profit to a record show.

We Sok Hui and Piyush with us and without further ado, Sok Hui.

Sok Hui Lim

DBS Group Holdings Ltd - Chief Financial Officer

Good evening, everyone. We delivered another strong performance in the second quarter with net profit rising 4% from a year ago to EUR2.80 billion and ROE. at 18.2%. This brought first half total income and net profit to new highs.

For the second quarter, total income increased 9% from a year ago to $5.48 billion, with the commercial book increasing 9% to $5.30 billion. The growth was broad-based. Net interest income was higher as the balance sheet grew and net interest margin expanded two basis points to 2.83%. Net intrest income reached a new high and treasury customer sales remained strong. Markets trading

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