DBS net profit edges up, structured note issuance shines

DBS Group finished the final quarter of 2023 with net profit rising by two percent year-on-year (YoY) to SG$2.39 billion (US$1.77 billion), according to its latest financial report. The franchise and digital transformations carried out over the past decade have reaped substantial benefits in a higher interest rate environment - Sok Hui Chng, CFO Total income grew nine percent compared to the prior-year quarter to SG$5.01 billion during the October-December quarter. The higher figure was boo