May 02, 2024 / 02:30AM GMT
Edna Koh - DBS Bank Ltd. - Executive Director of Group Strategic Marketing & Communications
Okay. Good morning, everyone, and welcome to DBS' First Quarter 2024 Financial Results Briefing. This morning, we announced net profit rose 15% to $2.96 billion. Return on equity increased to 19.4%. Both were at new highs. To give us more color on the quarter, we have our CEO, Piyush Gupta; and our CFO, Sok Hui Lim. They will take us through the presentations, which can be found on the DBS Investor Relations website, and you can follow along.
Without further ado, Sok Hui, please.
Sok Hui Lim - DBS Group Holdings Ltd - CFO
Thank you, Edna. Good morning, everyone. We will start with Slide 2. We achieved a net record performance in the first quarter with total income, net profit and ROE at new highs. Net profit rose 15% from a year ago to $2.96 billion and return on equity climbed to 19.4%. Total income increased 13% to $5.56 billion with commercial book total income increasing 14% to $5.31 billion. Net interest income grew 8%, lifted by higher net interest
Q1 2024 DBS Group Holdings Ltd Media Briefing Transcript
May 03, 2024
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