DBS Group Holdings reported a 9% year-on-year rise in net profit for Q2 2026, driven by higher non-interest income amid a challenging rate environment.
DBS Group Holdings reported a record net profit of SGD 3.08 billion for the second quarter of 2026, up 9% from the same period last year. The bank’s total income climbed 6% to SGD 6.09 billion, marking a new high despite pressure from the rate environment.
The growth was fueled by higher non-interest income, reflecting structural expansion in the customer franchise. The results surpassed prior-year performance, though the bank faced headwinds from broader economic conditions.
No immediate market reaction was disclosed in the release.