Singapore’s largest lender posts yet another record quarterly net profit of S$3 billion in Q3
DBS expects its pre-tax profits for 2025 will be around 2024 levels, but chief executive Piyush Gupta sees potential upsides to its income under a Donald Trump administration in the US.
“The general view is that the Trump regime is more inflationary. If that is the case, then the monetary policy may stay tighter than currently projected, which helps our net interest margins (NIMs),” Gupta said at a briefing for the lender’s third quarter results on Thursday (Nov 7).
Potentially higher interest rates should also benefit the repricing of DBS’ fixed asset book.
