For the first three months ended on 31 March 2013, its total income grew by 18% to SGD2.32bn ($1.87bn) compared to SGD1.95bn ($1.57bn) during the fourth quarter of 2012, backed by loan and deposit volume growth as well as a broad-based increase in non-interest income.
Net interest income grew by 3% from the previous quarter to SGD1.33bn ($1.07bn), while loans rose by 6% during the quarter to SGD224bn ($181.3bn).
Non-interest income increased 49% from the previous quarter to SGD990m ($801.7m), while fee income jumped by 36% to SGD507m ($410.5m), during the current quarter period.
Common Equity Tier 1 ratio was 12.9%, Tier 1 ratio of 12.9% and total capital adequacy ratio of 15.5% based on the Basel III capital framework implemented in Singapore on 1 January 2013.
Managing more than 200 offices across 15 markets, DBS operates in China, Southeast Asia and South Asia and caters services in consumer, SME and corporate banking activities.
