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Financial Highlights

Financial Highlights

Five-Quarter Financial Highlights (Unaudited)

Selected Income Statement Items (S$ million) 3Q24 2Q24 1Q24 4Q23 3Q23
Operating profit2 2,244 2,024 2,048 1,937 2,041
Net profit after tax1, 2 1,639 1,489 1,566 1,498 1,479
Selected Balance Sheet Items (S$ billion) 3Q24 2Q24 1Q24 4Q23 3Q23
Gross customer loans 334 328 323 321 318
Customer deposits 401 389 388 385 382
Total assets 542 517 515 524 516
Shareholders' equity1 49 47 47 46 45
Financial Indicators (%) 3Q24 2Q24 1Q24 4Q23 3Q23
Cost/Income ratio2 41.5 41.8 41.9 43.2 41.0
Non-performing loan ratio 1.5 1.5 1.5 1.5 1.6
Return on average ordinary shareholders' equity2, 3, 4 14.3 13.3 14.0 13.8 13.9
Return on average total assets2, 3 1.25 1.16 1.22 1.16 1.16
Return on average risk-weighted assets2, 3 2.58 2.14 2.27 2.18 2.23
Capital adequacy ratios
Common Equity Tier 1 15.5 13.4 13.9 13.4 13.0
Tier 1 16.6 14.4 14.9 14.4 14.4
Total 18.4 15.9 16.7 16.6 16.6
Per ordinary share
Basic earnings (S$)3, 4 3.79 3.35 3.50 3.30 3.23
Net asset value (S$) 27.42 26.64 26.71 26.00 24.89
Net dividend (cents) – 88 – 85 –

Note:

  1. Relates to amount attributable to equity holders of the Bank.
  2. Excluding one-off expenses.
  3. Computed on an annualised basis.
  4. 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)		 2023 2022 2021 2020 2019
Operating profit2 8,154 6,559 5,476 4,992 5,558
Net profit after tax1, 2 6,060 4,819 4,075 2,915 4,343
Selected Balance Sheet Items
(S$ billion)		 2023 2022 2021 2020 2019
Gross customer loans 321 320 311 281 269
Customer deposits 385 369 353 325 311
Total assets 524 504 459 432 404
Shareholders' equity1 46 43 43 41 40
Financial Indicators (%) 2023 2022 2021 2020 2019
Cost/Income ratio2 41.5 43.3 44.1 45.6 44.6
Non-performing loan ratio 1.5 1.6 1.6 1.6 1.5
Return on average ordinary shareholders' equity2, 3, 4 14.2 11.9 10.2 7.4 11.6
Return on average total assets2, 3 1.19 0.99 0.92 0.69 1.08
Return on average risk-weighted assets2, 3 2.29 1.83 1.68 1.27 1.90
Capital adequacy ratios
Common Equity Tier 1 13.4 13.3 13.5 14.7 14.3
Tier 1 14.4 14.4 14.4 15.8 15.4
Total 16.6 16.7 16.6 18.4 17.4
Per ordinary share
Basic earnings (S$)3, 4 3.34 2.69 2.39 1.69 2.55
Net asset value (S$) 26.00 24.24 24.08 23.03 22.33
Net dividend (cents)5 170 135 120 78 130
Dividend cover (times)5 2.01 2.02 2.03 2.24 2.00

Note:

  1. Relates to amount attributable to equity holders of the Bank.
  2. Excluding one-off expenses.
  3. Computed on an annualised basis.
  4. Calculated based on profit attributable to equity holders of the Bank net of perpetual capital securities distributions.
  5. Included a special dividend of 20 cents in 2019.