Singapore's DBS Q1 profits dip 2% amid Trump headwinds

Southeast Asia's largest lender expects annual results below 2024

20250507 DBS branch

People walk past DBS signage in Singapore: DBS Group Holdings cited rising trade tensions after posting a drop in year-on-year Q1 results. © Reuters

DYLAN LOH

SINGAPORE -- Singaporean lender DBS Group Holdings, Southeast Asia's largest bank by assets, on Thursday reported a 2% year-on-year fall in its first quarter net profit as it prepares for economic headwinds brought on by U.S. President Donald Trump's trade tariff threats.

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