Financial Results

Historical Financial Highlights

Historical Financial Highlights
  2018 2017 1/ 2016 2015 2014 2013 2012 2011 2010 2009
Income Statement (S$ million)
Total Income 9,701 9,528 8,489 8,722 8,340 6,621 7,961 5,661 5,325 4,815
Operating Expenses 4,214 4,034 3,788 3,664 3,258 2,784 2,695 2,430 2,254 1,796
Operating Profit before Allowances and Amortisation 5,487 5,485 4,701 5,058 5,082 3,837 5,266 3,231 3,071 3,019
Allowances for Loans and Other Assets 288 671 726 488 357 266 271 221 134 429
Profit Attributable to Equity Holders of the Bank 4,492 4,045 3,473 3,903 3,842 2,768 3,993 2,312 2,253 1,962
Excluding non-core gains (S$ million)
Total Core Income 9,701 9,528 8,489 8,722 7,949 6,621 6,645 5,622 5,325 4,815
Core Operating Profit 5,487 5,485 4,701 5,058 4,691 3,837 3,950 3,192 3,071 3,019
Core Net Profit 4,492 4,045 3,473 3,903 3,451 2,768 2,825 2,280 2,253 1,962
Balance Sheet (S$ million)
Total Assets 467,543 452,693 409,884 390,190 401,226 338,448 295,943 277,758 229,283 194,300
Assets excluding life insurance fund investment assets 390,676 378,766 347,911 333,207 343,940 285,043 243,672 228,670 181,797 151,223
Non-bank Customer Loans (net of allowances) 255,193 234,141 216,830 208,218 207,535 167,854 142,376 133,557 104,989 80,876
Non-bank Customer Deposits 295,412 283,642 261,486 246,277 245,519 195,974 165,139 154,555 123,300 100,633
Ordinary Shareholder's Equity 40,637 37,528 35,507 33,053 29,701 23,720 22,909 20,675 18,894 17,075
Total Equity Attributable to Equity Holders of the Bank 42,137 39,028 37,007 34,553 31,097 25,115 25,804 22,571 20,790 18,971
Ratios (%)
Cost-to-Income 43.4 42.4 44.6 42.0 39.1 42.0 33.8 42.9 42.3 37.3
Cost-to-Income excluding non-core gains 43.4 42.4 44.6 42.0 41.0 42.0 40.6 43.2 42.3 37.3
Loans-to-Deposits 86.4 82.5 82.9 84.5 84.5 85.7 86.2 86.4 85.1 80.4
Non-performing Loans Ratio 1.5 1.5 1.3 0.9 0.6 0.7 0.8 0.9 0.9 1.7
Return on Equity (ROE) 11.5 11.0 10.0 12.3 14.8 11.6 17.9 11.3 12.1 12.2
Core ROE 11.5 11.0 10.0 12.3 13.2 11.6 12.5 11.1 12.1 12.2
Core Return on Assets 1.17 1.11 1.03 1.14 1.11 1.05 1.19 1.09 1.32 1.35
Per Ordinary Share (S$) 2/                
Basic Earnings 1.06 0.95 0.82 0.95 1.03 0.76 1.10 0.64 0.64 0.58
Basic Core Earnings 1.06 0.95 0.82 0.95 0.92 0.76 0.77 0.63 0.64 0.58
Dividend (cents) 43.0 37.0 36.0 36.0 36.0 34.0 33.0 30.0 30.0 28.0
Net asset value before revaluation surplus (S$) 9.56 8.96 8.49 8.03 7.46 6.99 6.79 6.20 5.88 5.55

1/ 2017 figures were restated with the adoption of Singapore Financial Reporting Standards (International) (SFRS(I)).

2/ Figures prior to 2014 were adjusted for the effects of the 1-for-8 rights issue, effected on 26 September 2014.

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