DBS Group announced that total revenue for the first quarter rose 6% year on year to SGD 5.91 billion, net profit fell 2% year on year to SGD 2,897 billion, and profit before tax rose 1.4% year on year to SGD 3.437 billion, a record high. At a fixed exchange rate, loans increased 3% and deposits increased 6%. Net service fee revenue increased by 22%, leading to a 35% increase in wealth management service fees. As business activity increased, fees for loan-related services increased by 23%. The board declared a quarterly ordinary dividend of SGD 0.6 per share and a capital return dividend of SGD 0.15 per share. DBS CEO Chen Shushan said that the Group's performance in the first quarter was strong, and the wealth management business led to overall business growth. Despite being affected by the lowest global tax rate, the return on equity is still above 17%. The recent escalation of trade tension has led to increased macroeconomic risks and market volatility. Faced with continuing uncertainty, the Group will flexibly seize opportunities and manage risks prudently.

DBS Group announced that total revenue for the first quarter rose 6% year on year to SGD 5.91 billion, net profit fell 2% year on year to SGD 2,897 billion, and profit before tax rose 1.4% year on year to SGD 3.437 billion, a record high. At a fixed exchange rate, loans increased 3% and deposits increased 6%. Net service fee revenue increased by 22%, leading to a 35% increase in wealth management service fees. As business activity increased, fees for loan-related services increased by 23%. The board declared a quarterly ordinary dividend of SGD 0.6 per share and a capital return dividend of SGD 0.15 per share. DBS CEO Chen Shushan said that the Group's performance in the first quarter was strong, and the wealth management business led to overall business growth. Despite being affected by the lowest global tax rate, the return on equity is still above 17%. The recent escalation of trade tension has led to increased macroeconomic risks and market volatility. Faced with continuing uncertainty, the Group will flexibly seize opportunities and manage risks prudently.