Annual General Meeting presentation: 24th Annual General Meeting
March 31, 2023 at 11:27 am
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ANNUAL
GENERAL MEETING
31 MARCH 2023
1
Agenda
2022 Record Performance
2023 Outlook
Superior Shareholder Returns from our Pervasive Transformation
A Force for Good
Senior Leadership Changes
2
Agenda
1. 2022 Record Performance
3
Strong financial performance: Record year in 2022
Record full year total income of $16.5bn, net profit of $8.19bn and ROE of 15%
Commercial book total income up 21%, Treasury Markets down 22% from exceptional levels
CIR improved three percentage points to 43%
FY2022 ($m)
YoY ($m)
YoY (%)
Total Income
Record
16,502
2,314
16
Commercial book
15,328
2,649
21
Net interest income
10,719
3,062
40
Non-interest income
4,609
(413)
(8)
Treasury Markets (TM)1
1,174
(335)
(22)
Expenses
7,090
621
10
Operating profit
9,412
1,693
22
Total Allowances
237
185
>100
GP
(98)
349
78
SP
335
(164)
(33)
Share of P/L of assocs and JVs
207
98
90
Net profit
Record
8,193
1,388
20
ROE (%)
Record
15.0
-
2.5pt
NIM (%) - Group
1.75
-
30bps
NIM (%) - Commercial Book
2.11
-
48bps
Cost-income ratio (%)
43
-
-3pt
Gross Loans ($bn) 2
420.3
5.2
4
Deposits ($bn) 2
527.0
25.0
7
Notes:
1 Exclude customer sales income, which is reflected in the Consumer Banking/Wealth Management and Institutional business segment under Commercial Book
4
2 YoY(%) for Gross Loans and Deposits in constant currency terms
Key revenue drivers: Institutional Banking Group
A▪ Full year total income up 28% to $7.69bn
B▪ Broad based growth led by cash management income, which more than doubled from higher interest rates
C▪ GTS deposits up 6% to $197bn
($m)
FY2022
FY2021
YoY (%)
Total Income
A
7,688
5,984
28
Loans and deposits
3,445
3,300
4
Trade
764
757
1
Cash / SFS
B
2,499
1,002
>100
Treasury
892
764
17
Investment banking
88
161
(46)
Expenses
2,254
2,086
8
Profit before allowances
5,434
3,898
39
Assets ($bn)
326
313
4
GTS deposits ($bn)
C 197
186
6
5
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Disclaimer
DBS Group Holdings Ltd. published this content on 29 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2023 15:26:33 UTC.
DBS Group Holdings Ltd is an investment holding company. The Company operates through its subsidiary, DBS Bank Ltd. (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. Its segments include Institutional Banking, Consumer Banking/ Wealth Management and Treasury Markets. Consumer Banking/ Wealth Management segment provides individual customers with a diverse range of banking and related financial services. Its products and services available to customers include current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment and insurance products. The Institutional Banking segment provides financial services and products to institutional clients, including bank and non-bank financial institutions, government-linked companies, large corporates and small and medium-sized businesses. Its Treasury Markets segment includes structuring, market-making and trading across a broad range of treasury products.