3
Net interest income 513
588 14.7
472 24.6
Fees and commissions 131
174 32.7
133 30.8
Dividend rental 12
15 25.0
28 -46.4
Other income 67
267 300.3
87 206.2
Operating income 723
1,044 44.4
720 45.0
Staff costs 178
244 36.7
177 38.1
Operating expenses 162
226 39.7
189 19.4
Total expenses 340
470 38.1
366 28.5
Operating profit 383
574 49.9
354 62.0
Loan loss provisions 26
246 NM
8 NM
Cash net profit 338
265 -21.6
308 -14.0
Goodwill 64
NM NM
Net profit 338
201 -40.5
308 -34.8
Financial Indicators Net interest margin
2.05 1.78
1.71 4.1
Cost-to-income ratio 47.0
45.0 -4.3
50.8 11.4
Net interest income 513
588 14.7
472 24.6
Fees and commissions 131
174 32.7
133 30.8
Dividend rental 12
15 25.0
28 -46.4
Other income 67
267 300.3
87 206.2
Operating income 723
1,044 44.4
720 45.0
Staff costs 178
244 36.7
177 38.1
Operating expenses 162
226 39.7
189 19.4
Total expenses 340
470 38.1
366 28.5
Operating profit 383
574 49.9
354 62.0
Loan loss provisions 26
246 NM
8 NM
Cash net profit 338
265 -21.6
308 -14.0
Goodwill 64
NM NM
Net profit 338
201 -40.5
308 -34.8
Financial Indicators Net interest margin
2.05 1.78
1.71 4.1
Cost-to-income ratio 47.0
45.0 -4.3
50.8 11.4
S million S million
DBS 3Q00
DBS 3Q01
Change DBS
2Q01 Change
4
S million S million
DBS 3Q01
DHB 3Q01
DBS excl DHB
DBS 2Q01
Change Net interest income
588 150
438 472
-7.1 Fees and commissions
174 51
123 133
-7.6 Dividend rental
15 1
14 28
-50.0 Other income
267 22
245 87
180.6 Operating income
1,044 224
820 720
13.8 Staff costs
244 56
188 177
6.8 Operating expenses
226 50
176 189
-7.4 Total expenses
470 106
364 366
57.4 Operating profit
574 118
456 354
28.8 Loan loss provisions
246 24
222 8
NM Cash profits
265 60
205 308
-33.4 Goodwill
64 64
NM Net profit
201 60
141 308
-54.2 Net interest income
588 150
438 472
-7.1 Fees and commissions
174 51
123 133
-7.6 Dividend rental
15 1
14 28
-50.0 Other income
267 22
245 87
180.6 Operating income
1,044 224
820 720
13.8 Staff costs
244 56
188 177
6.8 Operating expenses
226 50
176 189
-7.4 Total expenses
470 106
364 366
57.4 Operating profit
574 118
456 354
28.8 Loan loss provisions
246 24
222 8
NM Cash profits
265 60
205 308
-33.4 Goodwill
64 64
NM Net profit
201 60
141 308
-54.2
5
Original Estimate: HK540 million
Revenue : HK275 million
Cost: HK265 million
New: HK750 million
Revenue : HK450 million
Cost: HK300 million
6
Top-line growth offset by conservative provisioning
Strong asset quality and provision coverage
Stabilized interest margin and interest income
Non-interest income continues to shine
Improved efficiency in expense management
7
DBS Bank - Loans
- Equities - Others
Dao Heng Bank DBS Kwong On Bank
DBS Thai Danu Bank DTDB DBS China Square
Others Specific provisions
General provisions Total DBSH Group provisions
S million S million
9M00 9M01
Change 25
20
4 -
- -
19 22
16 82
44 38
263 132
123
8 24
13 12
16 21
349 58
292 947.9
554.7
2,653.1 NM
NM NM
34.4 26.7
