SINGAPORE: Singapore’s biggest lender DBS Group said on Thursday (Nov 6) it expects 2026 net profit to dip slightly from this year’s after reporting a 2 per cent drop in third-quarter earnings, which still beat market forecasts.
“As we enter the coming year, we will continue to navigate the pressures of declining interest rates with nimble balance sheet management and our ability to capture structural opportunities across wealth management and institutional banking,” chief executive officer Tan Su Shan said in a statement.
She added that total income reached a record high as the bank sustained strong momentum in wealth management and deposit growth while mitigating external rate pressures through proactive balance sheet hedging.
According to slides accompanying the results, total income in 2026 is expected to be around 2025 levels despite rate headwinds, with group net interest income slightly lower than this year.
