Feb 18, 2019 / 02:30AM GMT
Edna Koh - DBS Bank Ltd. - Executive Director of Group Strategic Marketing & Communications
Good morning, everyone, and welcome to DBS' Fourth Quarter and Full Year Results Briefing.
This morning, we announced a full year net profit of $5.63 billion, yet another record high. Notably, return on equity at 12.1% is our highest in more than a decade. Fourth quarter net profit increased 8% to $1.32 billion.
So to tell us more today, we have our CEO, Piyush; and CFO, Sok Hui. Sok Hui, please.
Sok Hui Chng - DBS Group Holdings Ltd - CFO
Good morning, everyone. We are still within 15 days of our Chinese New Year celebration, so let me wish everyone a very happy and prosperous lunar new year.
We achieved another record performance in 2018. Net profit crossed the $5 billion mark for the first time, rising 28% to $5.63 billion. Total income increased 11% to $13.2 billion from loan and fee income growth as well as the higher net interest margin. The results were moderated by weaker performance in Treasury Markets.
The reported cost
Full Year 2018 DBS Group Holdings Ltd Earnings Media Briefing Transcript
Feb 18, 2019
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