DBS Group Holdings Ltd 2020 IR
The report highlights DBS's financial and sustainability performance for the fiscal year 2020, emphasizing its resilience and digital transformation during the COVID-19 pandemic. The bank achieved a record profit before allowances of SGD 8.43 billion, while net profit declined by 26% to SGD 4.72 billion due to conservative frontloading of allowances. In sustainability, DBS launched the world's first Sustainable and Transition Finance Framework and Taxonomy by a bank, and closed SGD 9.6 billion in sustainable financing transactions. Additionally, the bank established the SGD 10.5 million Stronger Together Fund to support communities affected by the pandemic and processed nearly 60,000 digital bank accounts for migrant workers to promote financial inclusion.
Company: DBS Group Holdings Ltd
Sector: Finance & insurance
Country: Singapore
Year: 2020
Type: IR
Pages: 196
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DBS Group Holdings Ltd
Annual Report
The report highlights DBS's financial and sustainability performance for the fiscal year 2020, emphasizing its resilience and digital transformation during the COVID-19 pandemic. The bank achieved a record profit before allowances of SGD 8.43 billion, while net profit declined by 26% to SGD 4.72 billion due to conservative frontloading of allowances. In sustainability, DBS launched the world's first Sustainable and Transition Finance Framework and Taxonomy by a bank, and closed SGD 9.6 billion in sustainable financing transactions. Additionally, the bank established the SGD 10.5 million Stronger Together Fund to support communities affected by the pandemic and processed nearly 60,000 digital bank accounts for migrant workers to promote financial inclusion.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Renewable Energy
Women on Board
Women in Management
Net Zero Target
Employees