Asia300

DBS Group Holdings Ltd.

Singapore

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 28, 2017
Prev close: 19.02
Mar 28, 2017
Market cap:
Market cap(USD):
48,481.25M
34,763.64M
Shares: 2,548.96M

Currency in SGD

Company profile

Market(Ticker): SES(D05)
Sector:
Industry:
Finance
Regional Banks
Full time employees: 22,194

Business summary

DBS Group Holdings Ltd. operates as an investment holding company, which engages in the provision of retail, small and medium-sized enterprise, corporate and investment banking services. It operates through the following business segments: Consumer Banking/Wealth Management, Institutional Banking, Treasury and Others. The Consumer Banking/Wealth Management segment provides services such as current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment and insurance products. The Institutional Banking segment offers financial services and products to institutional clients, including non-bank financial institutions, government linked companies, large corporate and small and medium-sized businesses. The Treasury segment supplies treasury services to corporations, institutional and private investors, financial institutions and other market participants. The Others segment encompasses activities from corporate decisions and income and expenses not attributed to the business segments described. The company was founded in 1968 and is headquartered in Singapore.

Company background

DBS Group Holdings was originally incorporated as The Development Bank of Singapore in 1968. It started as a financing institution for Singaporean companies and urban development projects. As the bank grew to include overseas divisions in China and Southeast Asia, the name was officially changed to DBS in 2003 to reflect its role as a regional bank. Its largest minority shareholder is Singapore state investor Temasek Holdings. The group has Singapore's largest network of over 2300 branches and self-service banking machines and also holds the leading domestic market share in the nation's banking sector.

CEO and director Piyush Gupta has led the group since 2009. Prior to joining DBS, Gupta was CEO of Citigroup's Southeast Asia, Australia and New Zealand operations. Under Gupta's leadership, DBS is undergoing expansion both across the region and at home. In 2014, DBS acquired Societe Generale's private banking business in Singapore and Hong Kong for $220 million, strengthening its wealth management business which targets millionaires in Asia. DBS was also the first Singaporean bank to incorporate in China in 2007. It now has branches in 10 major Chinese cities, as well as 50 branches in Hong Kong.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 14,193M
Gross profit --
Operating income 5,029M
Income before tax 5,083M
Net income 4,238M
EBITDA --
Diluted EPS 1.68
Dividends per share 0.6
Total assets 481,570M
Total liabilities 436,412M
Total equity 42,797M
Operating cash flow 9,232M

Currency in SGD

Revenue 10,279.95M
Gross profit --
Operating income 3,642.49M
Income before tax 3,681.60M
Net income 3,069.57M
EBITDA --
Diluted EPS 1.21
Dividends per share 0.43
Total assets 333,335.63M
Total liabilities 302,077.93M
Total equity 29,623.45M
Operating cash flow 6,686.71M

Currency in USD

Valuation measures

Dec 2016

PER 10.32
ROA 0.90%
ROE 10.29%
Operating margin 35.43%
Profit margin 29.85%

Key executive

  • CEO & Non-Independent Executive Director: Piyush Gupta
  • Head-Group Technology & Operations: David Gledhill
  • Chief Financial Officer: Sok Hui Chng
  • Head-Legal & Group Compliance Officer: Chee Kin Lam
  • Senior Vice President & Head-Investor Relations: Michael Sia

Share holders

  • Temasek Holdings Pte Ltd. (Investment Company)(29.1%)
  • Norges Bank Investment Management(1.9%)
  • The Vanguard Group, Inc.(1.4%)
  • Massachusetts Financial Services Co.(1.2%)
  • BlackRock Fund Advisors(1.0%)
  • Aberdeen Asset Management (Asia) Ltd.(0.8%)
  • LEE FAMILY /OCBC/(0.7%)
  • Templeton Global Advisors Ltd.(0.7%)
  • Thornburg Investment Management, Inc.(0.7%)
  • Tweedy, Browne Co. LLC(0.6%)

Address

  • Website: http://www.dbs.com.sg
  • Address: 12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore, 018982, Singapore
  • Phone: +65.6878.8888

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