Wealth management fees surged 31% y-o-y in 3Q25 due to brisk sales for investment products and bancassurance. AUM hit a new high of S$474b. New NPL formation was benign at S$113m. DBS wrote back general provisions of S$45m.
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Marginal decline in net interest income.
NIM compressed 15bp y-o-y and 9bp q-o-q to 1.96% in 3Q25 due to a steep drop in SORA. Loans grew 4% y-o-y but were flat q-o-q on a constant-currency basis. On a sequential basis, growth in trade and wealth management loans was moderated by repayment of non-trade corporate loans. Net interest income declined 0.5% y-o-y
Surplus deposits deployed in high-quality liquid assets.
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Wealth management fees surged as AUM hit a new high.
Fees & commissions grew 22% y-o-y to a record S$1,357m in 3Q25.
Wealth management fees surged 31% y-o-y due to brisk sales for investment products and bancassurance.
AUM expanded 18% y-o-y and 6% q-o-q to S$474b. Loans-related fees rose 25% y-o-y.
Customer-driven growth in treasury sales.
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Above is an excerpt from a report by UOB Kay Hian Research. Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
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