DBS Group ANNUAL

Financial Statements

DBS GROUP HOLDINGS LTD AND ITS SUBSIDIARIES Contents Page Overview 2 Financial Review Net Interest Income 8 Net Fee and Commission Income 10 Other Non-Interest Income 10 Expenses 11 Allowances for Credit and Other Losses 11 Performance by Business Segments 12 Performance by Geography 16 Customer Loans 20 Non-Performing Assets and Loss Allowance Coverage 21 Customer Deposits 24 Debts Issued 24 Capital Adequacy 25 Unrealised Property Valuation Surplus 25 Financial Statements Audited Consolidated Income Statement 26 Audited Consolidated Statement of Comprehensive Income 27 Audited Balance Sheets 28 Audited Consolidated Statement of Changes in Equity 29 Audited Statement of Changes in Equity 31 Audited Consolidated Cash Flow Statement 33 Other Financial Information 34 Additional Information Share Capital 35 Interested Party Transactions Pursuant to Listing Rule 920(1) 35 Confirmation of Directors and Executive Officers’ Undertakings Pursuant to Listing Rule 720(1) 35 Report of Persons Occupying Managerial Positions who are Related to a Director, CEO or Substantial Shareholder 35 Attachment: Independent Auditor’s Report 1 DBS GROUP HOLDINGS LTD AND ITS SUBSIDIARIES OVERVIEW DBS Group Holdings Ltd (“DBSH”) prepares its consolidated DBSH Group (“Group”) financial statements in accordance with Singapore Financial Reporting Standards (International) (“SFRS(I)”). The accounting policies and methods of computation applied for the current financial periods are consistent with those applied for the financial year ended 31 December 2023. The amendments and interpretations effective from 1 January 2024 do not have a significant impact on the Group’s financial statements. 2 DBS GROUP HOLDINGS LTD AND ITS SUBSIDIARIES 2nd Half 2nd Half % 1st Half % Year Year % 2024 2023 chg 2024 chg 2024 2023 chg Selected income statement items ($m) Commercial book total income 10,769 9,920 9 10,606 2 21,375 19,455 10 Net interest income 7,627 7,321 4 7,416 3 15,043 14,286 5 Net fee and commission income 2,077 1,710 21 2,091 (1) 4,168 3,384 23 Treasury customer sales and other income 1,065 889 20 1,099 (3) 2,164 1,785 21 Markets trading Income 489 279 75 433 13 922 725 27 Net interest income1 (302) (383) 21 (317) 5 (619) (644) 4 Non-interest income 791 662 19 750 5 1,541 1,369 13 Total income 11,258 10,199 10 11,039 2 22,297 20,180 10 Expenses 4,644 4,243 9 4,251 9 8,895 8,056 10 Profit befo