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flag DBS, Southeast Asia's largest bank, reports a significant profit rise for 2024 but forecasts challenges in 2025.

flag DBS Group, Southeast Asia's largest bank, reported a 11% rise in net profit to S$11.4 billion for 2024, with revenue up 10% to S$22.3 billion. flag CEO Piyush Gupta attributed the growth to record high fee income and treasury sales. flag Despite positive results, Gupta warned 2025 could be challenging due to uncertain US policies. flag The bank expects a higher net interest income in 2025 due to fewer expected interest rate cuts from the US Federal Reserve. flag DBS announced a final dividend of 60 Singapore cents per share, up from 54 cents, and plans to introduce a capital return dividend of 15 cents per share per quarter in 2025.

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