SINGAPORE — DBS Group kept its 2026 outlook largely unchanged, with rate headwinds to income expected to be largely mitigated after Singapore’s biggest bank on Thursday posted a 1-percent rise in first-quarter net profit as wealth management drove earnings.
“While the Iran war and its potential second-order effects have added uncertainty to the outlook, our stress tests indicate that our credit portfolio remains sound,” DBS CEO Tan Su Shan said in a statement.
“Our solid balance sheet, with prudent general allowance buffers, strong capital position and robust liquidity, underpins our resilience,” she added.