Dah Sing Banking Group Limited (DSBG) reported solid full-year results for the 12 months ended 31 December 2025, with profit attributable to shareholders climbing 20.2% year on year to HK$2.48 billion. Basic earnings per share increased to HK$1.76 from HK$1.47.

Operating income expanded 14.1% to HK$7.92 billion, driven by a 10.2% rise in net interest income to HK$5.83 billion and a 28.1% jump in net fee and commission income to HK$1.70 billion. Net interest margin improved 24 basis points to 2.41%, reflecting a more favourable funding mix and disciplined cost control.

Operating expenses grew 3.2% to HK$3.45 billion, but the cost-to-income ratio tightened to 43.5% from 48.2% a year earlier. Operating profit before impairment losses advanced 24.3% to HK$4.47 billion. Credit impairment charges remained broadly stable at HK$1.78 billion, underpinning a 48.9% increase in operating profit after credit provisions to HK$2.69 billion.

A non-cash goodwill impairment of HK$0.49 billion related to Banco Comercial de Macau trimmed bottom-line growth, yet the Group’s share of results from associate Bank of Chongqing rose 7.6% to HK$0.73 billion.

Total assets inched up 0.6% to HK$257.91 billion. Gross loans and advances increased 1.3% to HK$140.16 billion, while customer deposits grew 1.9% to HK$205.30 billion, resulting in a loan-to-deposit ratio of 68.0% (2024: 67.2%). Credit-impaired loans represented 3.12% of the loan book, down from 3.21% in 2024.

Capital and liquidity positions remained robust. The Common Equity Tier 1 ratio improved to 18.8% (2024: 16.9%), total capital adequacy ratio reached 23.1%, the leverage ratio stood at 12.2%, and the average liquidity maintenance ratio was 60.8%.

The Board recommended a final dividend of HK$0.49 per share, taking full-year dividends to HK$0.80 per share, up 21% from the prior year. Key dates include a register closure from 12–16 June 2026, with payment scheduled for 25 June 2026, subject to shareholder approval at the AGM on 5 June 2026.

Management noted a cautiously optimistic outlook for 2026, anticipating steady economic growth in Hong Kong, easing monetary conditions and continued momentum in wealth management. Strategic priorities include disciplined cost control, selective growth investment and maintenance of a strong balance sheet amid ongoing global geopolitical uncertainties.