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
Financial Highlights
Dec 2022 | SGD | USD |
Revenue | 22,091M | 16,019.70M |
Gross Profit | -- | -- |
Operating income | 9,172M | 6,651.24M |
Income before tax | 9,175M | 6,653.42M |
Net income | 8,108M | 5,879.66M |
EBITDA | -- | -- |
Diluted EPS | 3.15 | 2.28 |
Dividends Per Share | 1.50 | 1.08 |
Total Assets | 743,625M | 554,447.49M |
Total liabilities | 688,945M | 513,678.03M |
Total equity | 54,495M | 40,631.52M |
Operating cash flow | 9,763M | 7,079.82M |
Currency in SGD | Currency in USD |
Historical Data
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 18,402M | 21,032M | 18,191M | 16,662M | 22,091M |
Gross Profit | -- | -- | -- | -- | -- |
Operating income | 6,567M | 7,577M | 5,360M | 7,763M | 9,172M |
Income before tax | 6,659M | 7,583M | 5,368M | 7,780M | 9,175M |
Net income | 5,491M | 6,299M | 4,606M | 6,696M | 8,108M |
EBITDA | -- | -- | -- | -- | -- |
Diluted EPS | 2.14 | 2.46 | 1.81 | 2.61 | 3.15 |
Dividends Per Share | 1.20 | 1.23 | 0.87 | 1.20 | 1.50 |
Total Assets | 550,914M | 579,108M | 650,132M | 686,306M | 743,625M |
Total liabilities | 503,851M | 529,318M | 598,890M | 630,984M | 688,945M |
Total equity | 46,233M | 48,972M | 51,225M | 55,134M | 54,495M |
Operating cash flow | 6,939M | 7,149M | 6,148M | 5,720M | 9,763M |
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 13,638.15M | 15,417.12M | 13,187.74M | 12,398.60M | 16,019.70M |
Gross Profit | -- | -- | -- | -- | -- |
Operating income | 4,866.95M | 5,554.18M | 3,885.78M | 5,776.63M | 6,651.24M |
Income before tax | 4,935.13M | 5,558.57M | 3,891.58M | 5,789.28M | 6,653.42M |
Net income | 4,069.50M | 4,617.36M | 3,339.16M | 4,982.65M | 5,879.66M |
EBITDA | -- | -- | -- | -- | -- |
Diluted EPS | 1.59 | 1.80 | 1.31 | 1.94 | 2.28 |
Dividends Per Share | 0.88 | 0.90 | 0.63 | 0.89 | 1.08 |
Total Assets | 404,192.22M | 430,675.62M | 491,909.33M | 509,072.42M | 554,447.49M |
Total liabilities | 369,663.24M | 393,647.40M | 453,138.10M | 468,036.93M | 513,678.03M |
Total equity | 33,920.02M | 36,419.88M | 38,758.36M | 40,896.04M | 40,631.52M |
Operating cash flow | 5,142.65M | 5,240.44M | 4,457.05M | 4,256.39M | 7,079.82M |
Valuation Measures
Dec 2022 | |
PER | 10.76 |
ROA | 1.13% |
ROE | 14.79% |
Operating margin | 41.51% |
Profit margin | 36.70% |
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) (1.8%)
- 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%)
- Harding Loevner LP (0.7%)
- Davis Selected Advisers LP (0.6%)
- Schroder Investment Management (Singapore) Ltd. (0.5%)
- Lee Foundation (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
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Competitors
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