DBS Group to reward junior employees with special bonus following "record performance" in 2024

Beyond rewarding employees, DBS is also setting aside S$100mn from its profits to support vulnerable communities.

DBS Group is granting a special one-time bonus of S$1,000 to all employees except senior managers. A total of S$32mn was set aside for this payout, and comes in recognition of staff contributions to the bank’s record net profit of S$11.4bn in 2024.

No specific date has been stated for the payout.

In its financial update on Monday (10 February 2025), the bank said its strong financial performance was driven by a 10% rise in total income to S$22.3bn, an expanded net interest margin, and record fee income exceeding S$4bn. Return on equity remained at 18.0%, matching the previous year’s high.

Beyond rewarding employees, DBS is also setting aside S$100mn from its profits to support vulnerable communities, as part of its initiative to give back to society. Additionally, the Board has proposed a final dividend of 60 cents per share, bringing total dividends for the year to S$2.22 per share, a 27% increase from the previous year.

DBS CEO Piyush Gupta commented: "While macroeconomic and geopolitical uncertainties persist, the franchise and digital transformations carried out over the past decade position us well to continue delivering healthy returns."

Read the full financial update here.