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DBS Q2 net profit rises 9% to record S$3.08 billion as wealth fees surge

Published August 5, 2026 at 11:17 PM UTC

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DBS Group Holdings Ltd posted a net profit of S$3.08 billion for the second quarter, a 9 percent rise from the same period a year earlier and the highest profit level in the bank’s history. The jump was led by a sharp increase in wealth‑management fees, which lifted the bank’s overall fee income and helped offset modest pressure on net interest margins. In the quarter, the wealth segment saw client assets grow as high‑net‑worth individuals and families increased their holdings in discretionary portfolios and advisory services. The bank’s corporate and investment banking divisions reported stable earnings, while its digital banking platform continued to attract new users, supporting cost efficiencies. Chief Executive Officer Piyush Gupta said the results reflected “strong client demand and disciplined execution” across the bank’s core businesses. He highlighted ongoing investments in technology and sustainable finance as key drivers of future growth. Looking ahead, DBS reaffirmed its guidance for double‑digit profit growth this year, noting that a focus on fee‑based services and tighter expense management should sustain momentum even if macro‑economic conditions tighten.