Shares of DBS Group hit a new high after Singapore's largest ... DBS also said it was stepping up its capital distribution to its shareholders and planned to introduce a capital return dividend ...

DBS Group's fourth-quarter net profit rose 10% to S$2.62 billion ($1.93 billion), up from S$2.39 billion the ... DBS shares jumped more than 4% to hit a record high of S$46.50 in early trade.

Excluding one-off items – a S$100 million corporate social responsibility commitment to DBS Foundation and other charitable causes – Q4 net profit would have been up 10 per cent at S$2.62 billion.