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Financial Highlights

Financial Highlights

Five-Quarter Financial Highlights (Unaudited)

Selected Income Statement Items (S$ million) 1Q25 4Q24 3Q24 2Q24 1Q24
Operating profit 2,097 1,882 2,208 1,941 1,952
Net profit after tax1 1,490 1,523 1,610 1,425 1,487
Selected Balance Sheet Items (S$ billion) 1Q25 4Q24 3Q24 2Q24 1Q24
Gross customer loans 341 338 334 328 323
Customer deposits 401 404 401 389 388
Total assets 538 538 542 517 515
Shareholders' equity1 51 50 49 47 47
Financial Indicators (%) 1Q25 4Q24 3Q24 2Q24 1Q24
Cost/Income ratio 42.6 45.6 42.4 44.1 44.6
Non-performing loan ratio 1.6 1.5 1.5 1.5 1.5
Return on average ordinary shareholders' equity2, 3 12.3 13.0 14.0 12.7 13.3
Return on average total assets2 1.11 1.14 1.23 1.11 1.16
Return on average risk-weighted assets2 2.28 2.39 2.53 2.04 2.16
Capital adequacy ratios
Common Equity Tier 1 15.5 15.5 15.5 13.4 13.9
Tier 1 16.6 16.6 16.6 14.4 14.9
Total 18.2 18.2 18.4 15.9 16.7
Per ordinary share
Basic earnings (S$)2, 3 3.51 3.59 3.79 3.35 3.50
Net asset value (S$) 29.07 28.11 27.42 26.64 26.71
Net dividend (cents) – 92 – 88 –

Note:

  1. Relates to amount attributable to equity holders of the Bank.
  2. Computed on an annualised basis.
  3. Calculated based on profit attributable to equity holders of the Bank net of perpetual capital securities distributions.

Five-Year Financial Highlights

Selected Income Statement Items
(S$ million)		 2024 2023 2022 2021 2020
Operating profit 7,984 7,715 6,294 5,476 4,992
Net profit after tax1 6,045 5,711 4,573 4,075 2,915
Selected Balance Sheet Items
(S$ billion)		 2024 2023 2022 2021 2020
Gross customer loans 338 321 320 311 281
Customer deposits 404 385 369 353 325
Total assets 538 524 504 459 432
Shareholders' equity1 50 46 43 43 41
Financial Indicators (%) 2024 2023 2022 2021 2020
Cost/Income ratio2 42.5 41.5 43.3 44.1 45.6
Non-performing loan ratio 1.5 1.5 1.6 1.6 1.6
Return on average ordinary shareholders' equity3 13.3 13.4 11.2 10.2 7.4
Return on average total assets 1.16 1.12 0.94 0.92 0.69
Return on average risk-weighted assets 2.27 2.16 1.74 1.68 1.27
Capital adequacy ratios
Common Equity Tier 1 15.5 13.4 13.3 13.5 14.7
Tier 1 16.6 14.4 14.4 14.4 15.8
Total 18.2 16.6 16.7 16.6 18.4
Per ordinary share
Basic earnings (S$)3 3.56 3.34 2.69 2.39 1.69
Net asset value (S$) 28.11 26.00 24.24 24.08 23.03
Net dividend (cents) 180 170 135 120 78

Note:

  1. Relates to amount attributable to equity holders of the Bank.
  2. Excluding one-off expenses.
  3. Calculated based on profit attributable to equity holders of the Bank net of perpetual capital securities distributions.