Record earnings underpinned by broad-based growth

Transcription

1 Record earnings underpinned by broad-based growth DBS Group Holdings financial results April 29, Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to parties outside the presentation. DBS Bank accepts no liability whatsoever with respect to the use of this document or its contents.

2 Record earnings underpinned by broad-based growth Total income and earnings reach new highs Hong Kong s performance improves Balance sheet remains strong 2

3 Net profit up 52% on year and 19% on quarter (S$m) YoY % 4Q QoQ % Net interest income 1,122 1, ,106 1 Fee income Trading income Other income Non-interest income Total income 1,909 1, , Staff expenses Other expenses (12) Expenses (1) Profit before allowances 1,136 1, Allowances (65) 157 (20) Net profit

4 Key ratios improve (%) 4Q Net interest margin Fee income/total income Non-interest income/total income Cost/income ROE Loans/deposits SP/average loans (bp) NPL ratio

5 Net interest income higher, margins stable on quarter (S$m) Net interest margin (%) ,301 4,455 4,318 1,066 1,067 1,079 1,106 1, Q 3Q 4Q 5

6 Loans up 4% and deposits up 3% on quarter (S$bn) Loans Deposits Dec 08 Dec 09 Dec 10 Mar 11 Loans/deposits (%)

7 Non-interest income up 26% on quarter as fee income and treasury cross-selling rise (S$m) Trading + other income Fee income Non-interest income as % of total income , , , ,351 1,274 1,394 1, Q 3Q 4Q 7

8 Wealth management fees increase Regional sales volume (S$m) Bancassurance Unit trusts 1,552 1,465 1, , Q 3Q 4Q Fees (unit trusts & bancassurance only) Excluding other wealth management products such as structured deposits 8

9 Expenses little changed on quarter (S$m) Staff expense Other expense Cost / income (%) ,925 2,610 2,604 1,256 1,292 1,422 1,354 1,312 1, Q 3Q 4Q 9

10 Record earnings underpinned by broad-based growth Total income and earnings reach new highs Hong Kong s performance improves Balance sheet remains strong 10

11 Hong Kong s net profit up 6% on year and 32% on quarter Constant currency terms (S$m) YoY % YoY % 4Q QoQ % QoQ % Net interest income (6) (1) 2 Non-interest income Total income Expenses (12) (10) Profit before allowances Allowances (44) (40) Net profit Figures for Hong Kong geographical basis and converted to S$ using monthly closing rates Based on Singapore GAAP 11

12 Hong Kong margins stable and ROA up on quarter (%) 4Q Net interest margin Non-interest income/total income Cost/income ROA Loans/deposits

13 Contributions from regional operations improve (S$m) YoY % 4Q QoQ % Net interest income Non-interest income >100 Total income Expenses (3) Profit before allowances Allowances 3 70 (96) 30 (90) Net profit >100 Figures for operations outside of Singapore and Hong Kong 13

14 Record earnings underpinned by broad-based growth Total income and earnings reach new highs Hong Kong s performance improves Balance sheet remains strong 14

15 Non-performing assets decline 4% on quarter NPA (S$m) >90 days overdue <90 days overdue Not overdue NPL ratio (%) ,392 45% 19% 36% 4,219 49% 8% 43% 1.9 3,213 53% 7% 40% 4,068 52% 7% 41% 2.3 3,724 53% 21% 26% 2.1 3,505 56% 6% 38% 1.9 3,213 53% 7% 40% 1.8 3,098 51% 11% 38% Mar Jun Sep Dec Mar SP/loans (bp) Cumulative general and specific allowances as % of: NPAs Unsecured NPAs

16 New NPAs remain low (S$m) 4Q NPAs at start of period 3,213 3,505 4,219 New NPAs Net recoveries of existing NPAs (111) (153) (246) Write-offs (112) (346) (112) NPAs at end of period 3,098 3,213 4,068 16

17 Specific allowances decline (S$m) 4Q Add charges for New NPLs Existing NPLs Subtract charges for Upgrading Settlements Recoveries Total SP charges SP / average loans (bp)

18 AFS portfolio well-balanced between investmentgrade government and corporate debt (S$m) Mar Dec Singapore government securities 10,308 9,731 Other government securities 8,061 8,345 Corporate debt securities 10,261 9,922 Equities 1,104 1,143 Total 29,734 29,141 18

19 Capital position remains strong (%) Tier 2 Tier Dec 08 Dec 09 Mar 10 Jun 10 Sep 10 Dec 10 Mar 11 Core Tier 1 (%) RWA (S$bn)

20 In summary broad-based growth as implementation of strategy gains momentum Record earnings underpinned by broad-based growth, reflecting momentum in implementation of strategic initiatives Strong balance sheet, well-positioned to capture regional opportunities Continued focus on execution to grow customer franchise and shareholder value 20

21 Record earnings underpinned by broad-based growth DBS Group Holdings financial results April 29, Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to parties outside the presentation. DBS Bank accepts no liability whatsoever with respect to the use of this document or its contents.