Singapore's DBS rides market cap surge with 2024 profit up 11%

Top Southeast Asian bank's value climbs 6 spots to 23rd in global ranking last year

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DBS reported a net profit of 2.62 billion Singapore dollars ($1.93 billion) for the October to December period, up 10% from a year earlier.  © Reuters

DYLAN LOH

SINGAPORE -- Southeast Asia's largest bank by assets, DBS Group Holdings, is seeing its value swell as it closed off last year with another quarter of increased profitability, despite uncertainty over the interest rate environment's path.

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