Many investors are eagerly awaiting the release of full-year 2022 (FY2022) earnings from Singapore’s three major banks.
DBS Group (SGX: D05) is the first of the trio to report its earnings.
The blue-chip lender did not disappoint as it announced a blowout set of financial numbers in line with the higher interest rate environment.
The bank’s total income crossed the S$16 billion mark for the first time while its net profit chalked up a new record-high of S$8.2 billion.
In line with the strong results, DBS also declared a special dividend of S$0.50.
The previous time the bank declared a special dividend was back in FY2017.
Also, for the first time, DBS split up the group’s results into “Commercial Book” and “Treasury Markets” to better reflect customer performance trends.
Here are some highlights from the lender’s latest set of earnings....