DBS banks on deposit growth to keep income stable in 2026 as interest rates fall
CEO Tan Su Shan sees opportunities within the equities capital markets and debt capital markets, as corporates return to these segments amid lower rates
Add BT as a preferred source
[SINGAPORE] DBS expects its total income for 2026 to be around 2025 levels, as lower interest rates ahead can likely be mitigated by a growth in deposits, said chief executive Tan Su Shan.
Group net interest income (NII) will likely be weighed down by rate cuts in the US, a stronger Singapore dollar and based on the current Singapore Overnight Rate Average levels.
But the bank will make up for it with volume growth and fee growth, said Tan at a briefing for the lender’s third-quarter results on Thursday (Nov 6).
TRENDING NOW
Why China is tightening controls on overseas stock trading
Xi Jinping has just rewritten the rules of US-China rivalry
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
