Amid Market Turmoil, DBS Treasures Soars: NPAT Jumps 289%, New Clients Flood In

PT Bank DBS Indonesia, through its DBS Treasures service, is strengthening its position as a trusted partner for wealth management with an advisory-led approach that combines global insights, cutting-edge technology, and proactive personalisation of wealth strategies through Relationship Managers and timely digital notifications. Up to May 2026, DBS Treasures recorded a significant 289 percent year-on-year (YoY) growth in Net Profit After Tax (NPAT), surpassing its budget target by 157 percent. This growth coincided with a 73 percent YoY increase in new clients, in line with growth expectations, while wealth penetration remained stable.

“In recent years, we have observed increasingly significant changes in the behaviour of affluent clients, particularly in market conditions influenced by geopolitical uncertainty and global volatility. This situation is our primary concern, and we consistently prioritise a wealth management strategy based on objective, comprehensive, opportunity-oriented, actionable, and relevant insights with a client-centric personal approach,” explained Consumer Banking Director of PT Bank DBS Indonesia, Melfrida Gultom, in a written statement on Thursday (18/6).

Year-to-date data up to May 2026 shows the Jakarta Composite Index (IHSG) corrected by nearly 30 percent, with foreign capital outflows reaching approximately Rp41.16 trillion. This global and domestic market uncertainty influenced the trend of declining interest rates and increasingly fierce banking promotional competition throughout 2025. Entering 2026 with a rising interest rate trend, Bank DBS Indonesia still recorded growth influenced by increased client appreciation with solid satisfaction scores. This was based on the success of more personalised portfolio recommendations through the integration of regional investment insights from DBS’s Chief Investment Office (CIO) and machine learning technology into investment advisory.

For this performance, Bank DBS Indonesia received the Best Private Bank 2026 award from FinanceAsia. This recognition complements the investment capabilities of Bank DBS Indonesia, supported by the DBS Chief Investment Office (CIO), which was named Best CIO in Asia by The Asset Triple A. This further strengthens Bank DBS Indonesia’s position as a trusted partner for clients in managing and growing wealth across generations.

Meanwhile, global uncertainty remains influenced by trade policies, geopolitical dynamics, and inflation persisting above the Federal Reserve’s target. In the United States, the Personal Consumption Expenditures (PCE) inflation rate in March 2026 was recorded at 3.5 percent YoY, higher than the Federal Reserve’s 2 percent target, suggesting interest rates are expected to remain higher for longer. Amid these external pressures, the Indonesian economy continues to show resilience with 5.61 percent YoY growth in the first quarter of 2026, opening opportunities for investors to build diversified portfolios through a combination of defensive and growth assets.

Head of Investment & Insurance Product at PT Bank DBS Indonesia, Djoko Soelistyo, stated, “2025 was a challenging period for global markets due to high uncertainty, interest rate adjustments, and increasingly fierce competition. Entering the second half of 2026, volatility is expected to remain high, but strategic opportunities are still open for long-term oriented investors. In these complex market conditions, the DBS CIO Office promotes a conviction-led approach focused on clear and actionable investment diversification strategies.”

One of the key investment strategies from the DBS CIO Office is maintaining an overweight position on gold as a defensive instrument. This is supported by a 74 percent YoY surge in global gold investment demand by value in the first quarter of 2026, while demand for gold bars in Indonesia increased by 47 percent. In line with this view, Bank DBS Indonesia became the first bank to provide access to the global gold market through a Fund Management Contract (KPD) with a minimum investment of Rp5 billion. Furthermore, Bank DBS Indonesia continues its robust growth, supported by 16 new curated investment products to strengthen client portfolio resilience while expanding relevant investment choices across various market conditions.

Bank DBS Indonesia integrates global insights from the regional CIO with AI and machine learning technology to deliver personalised investment strategies. These insights are conveyed via WhatsApp and email, then discussed with a Relationship Manager and personally tailored to the client’s aspirations. Subsequently, clients can act quickly through the DBS digibank app, accessible 24 hours a day. Bank DBS Indonesia is part of the strong DBS Group network, one of the largest wealth managers in Asia. DBS’s presence in Indonesia, Singapore, Hong Kong, Taiwan, China, and India ensures its experts’ perspectives are close to wealth trends in those markets.

Head of Consumer Banking Segment & Liabilities Product at PT Bank DBS Indonesia, Natalina Syabana, said, “DBS Treasures’ approach to serving clients is realised through a campaign titled ‘Your Trusted Partner for Every Goal’ and carried out through insights-driven wealth management with highly personalised advisory and a series of expert discussions oriented towards sustainable global wealth growth for future generations. Moreover, the exclusive DBS Expert Connection and DBS NextGen Excursion programmes also provide self-development and business opportunities that are highly beneficial for clients and their successors. These programmes focus on future industry readiness, from disruptive innovation to sustainability.”