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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 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 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 2018 SGDUSD
Revenue18,402M13,638.15M
Gross Profit----
Operating income6,567M4,866.95M
Income before tax6,659M4,935.13M
Net income5,491M4,069.50M
EBITDA----
Diluted EPS2.141.59
Dividends Per Share1.200.88
Total Assets550,914M404,192.22M
Total liabilities503,851M369,663.24M
Total equity46,233M33,920.02M
Operating cash flow6,939M5,142.65M
Currency in SGDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 12,450M 13,549M 14,193M 15,687M 18,402M
Gross Profit -- -- -- -- --
Operating income 4,593M 5,059M 5,036M 5,175M 6,567M
Income before tax 4,819M 5,280M 5,083M 5,175M 6,659M
Net income 4,008M 4,417M 4,188M 4,296M 5,491M
EBITDA -- -- -- -- --
Diluted EPS 1.61 1.77 1.66 1.68 2.14
Dividends Per Share 0.58 0.60 0.60 0.93 1.20
Total Assets 440,800M 457,991M 481,776M 517,880M 550,914M
Total liabilities 401,397M 415,998M 436,618M 469,890M 503,851M
Total equity 36,905M 39,571M 42,797M 45,646M 46,233M
Operating cash flow 3,763M 1,698M 9,346M 7,759M 6,939M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 9,826.44M 9,851.96M 10,279.95M 11,363.45M 13,638.15M
Gross Profit -- -- -- -- --
Operating income 3,625.12M 3,678.58M 3,647.56M 3,748.70M 4,866.95M
Income before tax 3,803.50M 3,839.27M 3,681.60M 3,748.70M 4,935.13M
Net income 3,163.40M 3,211.75M 3,033.35M 3,111.96M 4,069.50M
EBITDA -- -- -- -- --
Diluted EPS 1.27 1.28 1.20 1.21 1.59
Dividends Per Share 0.45 0.43 0.43 0.67 0.88
Total Assets 332,654.15M 322,835.79M 333,478.22M 387,518.68M 404,192.22M
Total liabilities 302,918.28M 293,235.11M 302,220.52M 351,608.77M 369,663.24M
Total equity 27,850.72M 27,893.41M 29,623.45M 34,155.93M 33,920.02M
Operating cash flow 2,970.03M 1,234.67M 6,769.28M 5,620.51M 5,142.65M

Valuation Measures

Dec 2018
PER11.04
ROA1.02%
ROE11.95%
Operating margin35.68%
Profit margin29.83%

Key executives

  • Vice Chairman & Chief Executive Officer: Piyush Gupta
  • Chief Financial Officer: Sok Hui Chng
  • Chief Information Officer: David Gledhill
  • MD, Head-Legal & Group Compliance Officer: Chee Kin Lam
  • Head-Singapore Region: Tse Koon Shee

Shareholders

  • Temasek Holdings Pte Ltd. (Investment Company) (28.9%)
  • Capital Research & Management Co. (World Investors) (2.3%)
  • Capital Research & Management Co. (Global Investors) (2.3%)
  • The Vanguard Group, Inc. (1.9%)
  • Norges Bank Investment Management (1.4%)
  • BlackRock Fund Advisors (1.2%)
  • Harding Loevner LP (0.9%)
  • Lazard Asset Management LLC (0.7%)
  • Mawer Investment Management Ltd. (0.7%)
  • Davis Selected Advisers LP (0.6%)

Contact Details

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

Related Companies

  • Link Holdings (Gibraltar) Ltd.
  • DBS Group Holdings Ltd. /Custody/
  • DBS Group (HK) Ltd.
  • Royal Bank of Scotland Group PLC /Indian Onshore Ops/
  • Dbs Vickers Securities Malaysia Pte Ltd.
  • La Eau Enterprises (H.K.) Ltd.
  • DBS Bank Ltd. (Bangalore Branch)
  • DBS Bank (Taiwan) Limited
  • Royal Bank of Scotland Group Plc /CN Retail & Commercial Ops/
  • Bowa Commercial Bank Ltd. /Good Bank Assets/
  • Spinnaker CDO Ltd.
  • DBSN Services Pte Ltd.
  • Development Bank of Singapore Ltd. (Labuan Branch)
  • DBS Realty Pvt Ltd.
  • DBS Ltd.
  • Red Orchid Secured Assets Ltd.
  • Singa Secured Assets Ltd.
  • Vanda Secured Assets Ltd.
  • 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

  • KGI Securities (Thailand) Public Co., Ltd.
Last Updated on 11 Nov, 2019

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