DBS CEO Tan Su Shan received S$9.6 million in FY2025 pay, while predecessor Piyush Gupta received S$4.2 million for the same year, according to a report by The Edge.

Tan took over as CEO on 28 March 2025, becoming the first woman to lead Singapore’s largest bank after Gupta stepped down following more than 15 years in the role.

Gupta’s FY2025 compensation reflects the period he served before the leadership transition.

The leadership handover followed a strong final full year under Gupta, with DBS posting a record net profit of S$11.4 billion for FY2024.

Gupta had also taken a 30 percent cut to his 2023 variable compensation, reducing his payout by about S$4.14 million, after a series of digital banking disruptions triggered regulatory scrutiny and affected customers in Singapore.

Tan’s compensation package included a base salary of S$975,250, a cash bonus of about S$3.7 million and deferred awards worth around S$4.9 million.

She also received S$68,694 in non-cash benefits such as club, car and driver privileges.

About 17 percent of the deferred awards will be paid in cash, with the rest delivered in shares over time.

DBS’s latest pay disclosure comes after a mixed set of results for FY2025.

The bank reported net earnings of about S$11 billion, down 3 percent from the previous year and slightly below analyst expectations.

Fourth quarter profit fell 10 percent year on year to S$2.36 billion. Even so, the bank recorded new highs in several areas.

Total income rose to S$22.9 billion while profit before tax reached S$13.1 billion. Return on equity stood at 16.2 percent.

Looking ahead, Tan has indicated that DBS will continue expanding businesses such as trade finance, payments, wealth management and tokenisation, while using artificial intelligence (AI) more widely to improve efficiency and support growth.

Featured image: Edited by Fintech News Singapore, based on image by Rashed_stock via Freepik