DBS posts record Q2 profit, raises 2026 guidance

SINGAPORE: DBS Group, Singapore's biggest bank, raised its full-year guidance on Thursday (Aug 6) after second-quarter net profit rose 9 per cent, beating expectations as strong wealth-management fees, treasury sales and trading income offset pressure from lower interest rates.

DBS, which is also Southeast Asia's biggest lender by assets, posted a record quarterly net profit of S$3.08 billion (US$2.40 billion), up from S$2.82 billion a year earlier.

This beat the mean estimate of S$2.88 billion from three analysts, according to LSEG data.

The bank declared S$0.81 in dividends per share for the second quarter of 2026, comprising S$0.66 of ordinary dividends and S$0.15 of capital return dividends.

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