Dbs Annual Report 2012

Topics: Board of directors, Bank, Singapore Pages: 159 (43732 words) Published: August 24, 2013
PRESENT FOR THE FUTURE
DBS Group Holdings Ltd | Annual Report 2012

DBS. Living, Breathing Asia

Present for the Future
With our roots as the Development Bank of Singapore, DBS has helped finance the growth of Singapore. Through POSB, the nation’s oldest bank, DBS has also inculcated a culture of thrift and savings in many generations of Singaporeans. Over the last few decades, we have helped individuals to protect and grow their wealth, played an integral role in developing Asia’s capital markets, and enabled businesses across the region to expand. As a bank that is born and bred in Asia, DBS has a passion for the region and strives to create value for all our stakeholders. DBS today continues to trailblaze numerous initiatives that are charting a course for banking in a vibrant and dynamic Asia. At DBS, we proudly embrace Asia’s past, and are boldly shaping the future of banking in Asia. At DBS, we are present for the future.

CONTENTS | DBS ANNUAL REPORT 2012

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CONTENTS

GROUP OVERVIEW
02 08 14 22 26 32 Key Highlights Letter to Shareholders Board of Directors Senior Management The Future of Banking Management Discussion

ANNEXURE
171 172 174 175 177 178 Share Price Shareholding Statistics Financial Calendar International Banking Offices Main Subsidiaries and Associated Companies Awards and Accolades

REPORTS
Shareholders’ Information 57 74 84 86 93 165 169 170 Corporate Governance Report Risk Management Capital Management and Planning Pillar 3 Disclosures Financial Statements Directors’ Report Statement by the Directors Independent Auditor’s Report 182 Notice of Annual General Meeting Proxy Form Corporate Information (Inside back cover)

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DBS ANNUAL REPORT 2012 | KEY HIGHLIGHTS

KEY HIGHLIGHTS | DBS ANNUAL REPORT 2012

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KEY HIGHLIGHTS

INVESTORS

3,359

NET PROFIT*

+

1,491

1,938

1,649

2,175

2,487

2,056

2,064

2,650

3,035

108

126

131

152

$3,359 m
2011: $3,035 m

$211 bn
2011: $195 bn

03 04 05 06 07 08 09 10 11 12 Net profit ($ million)

03 04 05 06 07 08 09 10 11 12 Loans ($ billion)

195 225
15.8 17.1 12.9 14.0

11% 6%

64

70

79

87

Net profit rose 11% to a new high of $3.36 billion, as focused execution of strategic initiatives, prudent risk management and a strong balance sheet reshaped the franchise to deliver solid and consistent performance.

LOANS

+

8% 8%

Loans grew 12% in constant currency terms from higher regional corporate borrowing and Singapore consumer loans.

+

8,064

TOTAL INCOME*

Total income crossed the $8 billion mark for the first time as net interest income reached a new high.

DEPOSITS

+
4,265 4,479 4,338 5,344 6,163 6,031 6,603 7,066 7,631 03 04 05 06 07 08 09 10 11 12 Total income ($ million)

Deposits grew 10% in constant currency terms with US dollar, Singapore dollar and Hong Kong dollar deposits leading the increase.

108

113

117

131

153

170

183

$8,064 m
2011: $7,631 m

$243 bn
2011: $225 bn

03 04 05 06 07 08 09 10 11 12 Deposits ($ billion)

12.5

12.3 9.8

12.7 11.0 11.2 10.1 8.4 10.2

CAPITAL

RETURN ON EQUITY*

31.7

14.8

16.4

16.7

18.7

20.5

19.8

25.4

26.6

28.8

11.2%
2011: 11.0% * Excludes one-time items

ROE of 11.2% was the best in five years.

10.1

■ ROE (%) ■ Shareholders’ funds ($ billion)

14.0% 17.1%
Tier 1 CAR Total CAR

Tier 1 ratio of 14.0% and total capital adequacy ratio of 17.1% were above regulatory requirements. DBS is well-positioned to comply with Basel III capital requirements.

18.4 15.1 15.8 16.7 14.8 14.5 13.4 14.0 15.1 13.1 10.5 11.3 10.6 10.2 10.1 8.9

03 04 05 06 07 08 09 10 11 12

■ Tier 1 CAR (%) ■ Total CAR (%)

03 04 05 06 07 08 09 10 11 12

194

243

211

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DBS ANNUAL REPORT 2012 | KEY HIGHLIGHTS

KEY HIGHLIGHTS | DBS ANNUAL REPORT 2012

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TEN YEAR SUMMARY
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