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Finance

DBS Group Holdings Ltd.

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.

Business Summary

DBS Group Holdings Ltd. is an investment company, which provides 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 Markets, and Others. The Consumer Banking/Wealth Management segment provides services including 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. The Treasury Markets segment deals with structuring, market-making, and trading across a broad range of treasury products. The others segment covers 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.

Financial Highlights

Dec 2021 SGDUSD
Revenue16,662M12,398.60M
Gross Profit----
Operating income7,763M5,776.63M
Income before tax7,780M5,789.28M
Net income6,696M4,982.65M
EBITDA----
Diluted EPS2.611.94
Dividends Per Share1.200.89
Total Assets686,306M509,072.42M
Total liabilities630,984M468,036.93M
Total equity55,134M40,896.04M
Operating cash flow5,720M4,256.39M
Currency in SGDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 15,687M 18,402M 21,032M 18,191M 16,662M
Gross Profit -- -- -- -- --
Operating income 5,175M 6,567M 7,577M 5,360M 7,763M
Income before tax 5,175M 6,659M 7,583M 5,368M 7,780M
Net income 4,296M 5,491M 6,299M 4,606M 6,696M
EBITDA -- -- -- -- --
Diluted EPS 1.68 2.14 2.46 1.81 2.61
Dividends Per Share 0.93 1.20 1.23 0.87 1.20
Total Assets 517,880M 550,914M 579,108M 650,132M 686,306M
Total liabilities 469,890M 503,851M 529,318M 598,890M 630,984M
Total equity 45,646M 46,233M 48,972M 51,225M 55,134M
Operating cash flow 7,759M 6,939M 7,149M 6,148M 5,720M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 11,363.45M 13,638.15M 15,417.12M 13,187.74M 12,398.60M
Gross Profit -- -- -- -- --
Operating income 3,748.70M 4,866.95M 5,554.18M 3,885.78M 5,776.63M
Income before tax 3,748.70M 4,935.13M 5,558.57M 3,891.58M 5,789.28M
Net income 3,111.96M 4,069.50M 4,617.36M 3,339.16M 4,982.65M
EBITDA -- -- -- -- --
Diluted EPS 1.21 1.59 1.80 1.31 1.94
Dividends Per Share 0.67 0.88 0.90 0.63 0.89
Total Assets 387,518.68M 404,192.22M 430,675.62M 491,909.33M 509,072.42M
Total liabilities 351,608.77M 369,663.24M 393,647.40M 453,138.10M 468,036.93M
Total equity 34,155.93M 33,920.02M 36,419.88M 38,758.36M 40,896.04M
Operating cash flow 5,620.51M 5,142.65M 5,240.44M 4,457.05M 4,256.39M

Valuation Measures

Dec 2021
PER12.49
ROA1.00%
ROE12.59%
Operating margin46.59%
Profit margin40.18%

Key executives

  • Chief Executive Officer & Director: Piyush Gupta
  • Group Chief Information Officer & Head-Operations: Jimmy Ng
  • Chief Financial Officer: Sok Hui Chng
  • Joint Secretary, MD & Head-Legal: Chee Kin Lam
  • Chief Investment Officer & Consumer Banking: Wey Fook Hou

Shareholders

  • Temasek Holdings Pte Ltd. (Investment Company) (28.7%)
  • Capital Research & Management Co. (World Investors) (2.0%)
  • The Vanguard Group, Inc. (1.8%)
  • BlackRock Fund Advisors (1.4%)
  • Norges Bank Investment Management (1.3%)
  • Capital Research & Management Co. (Global Investors) (1.2%)
  • Davis Selected Advisers LP (0.9%)
  • Harding Loevner LP (0.8%)
  • DBS Group Holdings Ltd. (0.5%)
  • Abrdn Asia Ltd. (0.4%)

Contact Details

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

Related Companies

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  • Dbs Vickers Securities Malaysia Pte Ltd.
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  • DBS Bank Ltd. (Bangalore Branch)
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  • Royal Bank of Scotland Group Plc /CN Retail & Commercial Ops/
  • Bowa Commercial Bank Ltd. /Good Bank Assets/
  • Spinnaker CDO Ltd.
  • Development Bank of Singapore Ltd. (Labuan Branch)
  • DBS Realty Pvt Ltd.
  • DBS Ltd.
  • Red Orchid Secured Assets Ltd.
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  • Vickers Ballas Holdings Ltd.
  • Network for Electronic Transfers (Singapore) Pte Ltd.
  • DBS Capital Funding Corp.
  • DBS Bank Ltd.
  • DBS Group Holdings Hong Kong Ltd.
  • DBS Capital Investments Ltd.

Competitors

    Last Updated on 1 Dec, 2022

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