Dbs Annual Report 2012
PRESENT FOR THE FUTURE
DBS Group Holdings Ltd | Annual Report 2012
DBS. Living, Breathing Asia
Present for the Future
With our roots as the Development Bank of Singapore, DBS has helped finance the growth of Singapore. Through POSB, the nation’s oldest bank, DBS has also inculcated a culture of thrift and savings in many generations of Singaporeans. Over the last few decades, we have helped individuals to protect and grow their wealth, played an integral role in developing Asia’s capital markets, and enabled businesses across the region to expand. As a bank that is born and bred in Asia, DBS has a passion for the region and strives to create value for all our stakeholders. DBS today continues to trailblaze numerous initiatives that are charting a course for banking in a vibrant and dynamic Asia. At DBS, we proudly embrace Asia’s past, and are boldly shaping the future of banking in Asia. At DBS, we are present for the future.
CONTENTS | DBS ANNUAL REPORT 2012
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CONTENTS
GROUP OVERVIEW
02 08 14 22 26 32 Key Highlights Letter to Shareholders Board of Directors Senior Management The Future of Banking Management Discussion
ANNEXURE
171 172 174 175 177 178 Share Price Shareholding Statistics Financial Calendar International Banking Offices Main Subsidiaries and Associated Companies Awards and Accolades
REPORTS
Shareholders’ Information 57 74 84 86 93 165 169 170 Corporate Governance Report Risk Management Capital Management and Planning Pillar 3 Disclosures Financial Statements Directors’ Report Statement by the Directors Independent Auditor’s Report 182 Notice of Annual General Meeting Proxy Form Corporate Information (Inside back cover)
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DBS ANNUAL REPORT 2012 | KEY HIGHLIGHTS
KEY HIGHLIGHTS | DBS ANNUAL REPORT 2012
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KEY HIGHLIGHTS
INVESTORS
3,359
NET PROFIT*
+
1,491
1,938
1,649
2,175
2,487
2,056
2,064
2,650
3,035
108
126
131
152
$3,359 m
2011: $3,035 m
$211 bn
DBS Group Holdings Ltd | Annual Report 2012
DBS. Living, Breathing Asia
Present for the Future
With our roots as the Development Bank of Singapore, DBS has helped finance the growth of Singapore. Through POSB, the nation’s oldest bank, DBS has also inculcated a culture of thrift and savings in many generations of Singaporeans. Over the last few decades, we have helped individuals to protect and grow their wealth, played an integral role in developing Asia’s capital markets, and enabled businesses across the region to expand. As a bank that is born and bred in Asia, DBS has a passion for the region and strives to create value for all our stakeholders. DBS today continues to trailblaze numerous initiatives that are charting a course for banking in a vibrant and dynamic Asia. At DBS, we proudly embrace Asia’s past, and are boldly shaping the future of banking in Asia. At DBS, we are present for the future.
CONTENTS | DBS ANNUAL REPORT 2012
p1
CONTENTS
GROUP OVERVIEW
02 08 14 22 26 32 Key Highlights Letter to Shareholders Board of Directors Senior Management The Future of Banking Management Discussion
ANNEXURE
171 172 174 175 177 178 Share Price Shareholding Statistics Financial Calendar International Banking Offices Main Subsidiaries and Associated Companies Awards and Accolades
REPORTS
Shareholders’ Information 57 74 84 86 93 165 169 170 Corporate Governance Report Risk Management Capital Management and Planning Pillar 3 Disclosures Financial Statements Directors’ Report Statement by the Directors Independent Auditor’s Report 182 Notice of Annual General Meeting Proxy Form Corporate Information (Inside back cover)
p2
DBS ANNUAL REPORT 2012 | KEY HIGHLIGHTS
KEY HIGHLIGHTS | DBS ANNUAL REPORT 2012
p3
KEY HIGHLIGHTS
INVESTORS
3,359
NET PROFIT*
+
1,491
1,938
1,649
2,175
2,487
2,056
2,064
2,650
3,035
108
126
131
152
$3,359 m
2011: $3,035 m
$211 bn