DBS reports record S$6.8 billion profit for FY2021

Singapore's largest bank DBS Group had a strong showing in 2021. The bank's net profit came in at S$6.8 billion -- a 44% jump from the year before. The performance was fuelled by loan growth and record levels of fee income, which offset the impact of interest rate cuts during the COVID-19 pandemic. DBS has proposed a Q4 dividend of 36 cents per share, an increase of three cents from the previous payout. The bank expects the business momentum to remain healthy in 2022.



Follow us: