DBS banks on deposit growth to keep income stable in 2026 as interest rates fall

[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).