DBS Group Holdings Limited (SGX:D05) has started the 2026 financial year with a resilient performance, proving that its diverse Asian franchise can withstand change. interest rate environment. Singapore’s largest bank by assets, dbs It continues to leverage its digital leadership and strong presence in Greater China, Southeast Asia and South Asia to serve its 13 million customers.
Record total income driven by fee power
The bank delivered record total income of S$5.95 billion for the first quarter ended March 31, 2026 (1Q2026), up 1% year-on-year (YoY). This growth was achieved despite challenges posed by the strong Singapore dollar and persistent interest rate headwinds. While net interest income (NII) declined 5% to S$3.49 billion – as the group’s net interest margin declined 23 basis points to 1.89% on lower SORA and SOFR rates – the bank saw strong expansion in its loan book. Customer loans climbed to S$453.2 billion, up 4% year-on-year or 6% in constant-currency terms, mainly due to corporate loans….
