Q1 2025 DBS Group Holdings Ltd Media Briefing Transcript
Good morning and welcome everyone to DBS's first-quarter financial results briefing. This morning, we announced record profit before tax of $3.44 billion in first quarter 2025 as total income reached a new high. Net profit was $2.9 billion, with ROE at 17.3%. As per our [NOM], our CEO Tan Su Shan; and CFO Chng Sok Hui will start by sharing more about the quarter.
Both will be speaking to presentation slides that you will be able to see on screen. The slides can also be found on our investor relations website. Thereafter, we will take questions from the media.
So without further ado, so be pleased.
Thanks, Ana. Good morning, everyone. Highlights, we delivered a strong first quarter performance, with total income rising 6% year on year to a record $5.91 billion from broad-based business growth. The strong operating performance allowed us to set aside $205 million of general allowances to further strengthen GP reserves in light of the recent escalation in macroeconomic and
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