Southeast Asia’s three largest banks warn of macroeconomic headwinds following a mixed quarter

(Credit: Ore Huiying—Bloomberg/Getty Images)

Singapore’s biggest banks are bracing for macroeconomic uncertainty following mixed quarterly results. 

DBS, Southeast Asia’s largest bank, delivered a good quarter. On Thursday, the bank reported profits of 2.82 billion Singapore dollars ($2.2 billion) for the quarter ended June 2025, a 1% increase year on year that beat consensus estimates. Robust lending and wealth management fees drove DBS’s total income up by 5% year on year, hitting 5.8 billion Singapore dollars ($4.47 billion).