DBS books record profits backed by 45% wealth management fee growth

By Stanley Yupu Li , senior reporter | 10 February 2025 | 3 minutes read

DBS reported a record performance in 2024 supported by significant growth in wealth management fee income, according to its latest earnings report, sending its share price to new highs on Monday. The bank’s net profit rose 11% YoY to S$11.4 billion (US$8.42 billion) in 2024, with return on equity at 18.0%. For the 4Q24, net profit grew 10% YoY to…

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