$DBS GROUP HOLDINGS LTD(D05.SI)$

DBS Q3 Highlights

Third-quarter net profit up 23% QoQ to $2.24 billion, ROE at 16.3%, both at new highs

▪ Total income up 20% to record $4.54 billion from higher NIM and sustained business momentum

▪ NIM up 32bp to 1.90%, accelerating from first two quarters

▪ Loan momentum healthy as non-trade corporate and housing loans grow faster than first two quarters

▪ Fee income stable as higher credit card and loan-related fees offset lower wealth management

▪ Cost-income ratio improves to 40%

Nine-month net profit up 8% to record $5.85 billion

▪ Total income up 10% to $12.1 billion as higher NIM and loan growth moderated by lower fee income

▪ Expenses up 7%, resulting in profit below allowance increase of 12% to record $6.96 billion

Asset quality resilient, balance sheet healthy

▪ NPAs fall 5% QoQ and NPL ratio declines to 1.2% as new NPA formation remains low and more than

offset by higher upgrades and repayments

▪ SP of 2bp for 3Q and 8bp for 9M, GP of $153 million taken in 3Q

▪ CET-1 at 13.8%, LCR at 133%, NSFR at 114%

3Q dividend at 36 cents per share