DBS Full year 2024 report and thoughts
DBS DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. Income report Net Interest Income Net Interest Income (NII) is a profit metric equal to the difference between a bank’s total interest income and the interest expense incurred. Commercial book net interest income rose 5% to SGD 15.0 billion from higher net interest margin and balance sheet growth. Non-interest income Non-interest income is the revenue a bank or financial institution earns from activities beyond traditional lending and interest-earning assets. Commercial book net fee income grew 23% to a record SGD 4.17 billion. The increase was led by wealth management fees , which rose 45% to a new high of SGD 2.18 billion from broad-...