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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 2019 SGDUSD
Revenue21,032M15,417.12M
Gross Profit----
Operating income7,577M5,554.18M
Income before tax7,583M5,558.57M
Net income6,299M4,617.36M
EBITDA----
Diluted EPS2.461.80
Dividends Per Share1.230.90
Total Assets579,108M430,675.62M
Total liabilities529,318M393,647.40M
Total equity48,972M36,419.88M
Operating cash flow7,149M5,240.44M
Currency in SGDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 13,549M 14,193M 15,687M 18,402M 21,032M
Gross Profit -- -- -- -- --
Operating income 5,059M 5,036M 5,175M 6,567M 7,577M
Income before tax 5,280M 5,083M 5,175M 6,659M 7,583M
Net income 4,417M 4,188M 4,296M 5,491M 6,299M
EBITDA -- -- -- -- --
Diluted EPS 1.77 1.66 1.68 2.14 2.46
Dividends Per Share 0.60 0.60 0.93 1.20 1.23
Total Assets 457,991M 481,776M 517,880M 550,914M 579,108M
Total liabilities 415,998M 436,618M 469,890M 503,851M 529,318M
Total equity 39,571M 42,797M 45,646M 46,233M 48,972M
Operating cash flow 1,698M 9,346M 7,759M 6,939M 7,149M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 9,851.96M 10,279.95M 11,363.45M 13,638.15M 15,417.12M
Gross Profit -- -- -- -- --
Operating income 3,678.58M 3,647.56M 3,748.70M 4,866.95M 5,554.18M
Income before tax 3,839.27M 3,681.60M 3,748.70M 4,935.13M 5,558.57M
Net income 3,211.75M 3,033.35M 3,111.96M 4,069.50M 4,617.36M
EBITDA -- -- -- -- --
Diluted EPS 1.28 1.20 1.21 1.59 1.80
Dividends Per Share 0.43 0.43 0.67 0.88 0.90
Total Assets 322,835.79M 333,478.22M 387,518.68M 404,192.22M 430,675.62M
Total liabilities 293,235.11M 302,220.52M 351,608.77M 369,663.24M 393,647.40M
Total equity 27,893.41M 29,623.45M 34,155.93M 33,920.02M 36,419.88M
Operating cash flow 1,234.67M 6,769.28M 5,620.51M 5,142.65M 5,240.44M

Valuation Measures

Dec 2019
PER10.49
ROA1.11%
ROE13.23%
Operating margin36.02%
Profit margin29.94%

Key executives

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

Shareholders

  • Temasek Holdings Pte Ltd. (Investment Company) (28.9%)
  • The Vanguard Group, Inc. (2.1%)
  • Capital Research & Management Co. (Global Investors) (1.4%)
  • Norges Bank Investment Management (1.4%)
  • BlackRock Fund Advisors (1.3%)
  • DBS Group Holdings Ltd. (0.9%)
  • Harding Loevner LP (0.8%)
  • Massachusetts Financial Services Co. (0.6%)
  • Davis Selected Advisers LP (0.6%)
  • Mawer Investment Management Ltd. (0.6%)

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

  • DBS Philippines
  • 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

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