DBSA delivers record R5.3bn profit despite weak economy

THE Development Bank of Southern Africa's profitability soared in the year ended March 31, 2025 after net interest income grew and nonperforming loans decreased despite “unsatisfactory” local and regional economic growth rates, unfavourable interest rates and geopolitical risk factors.

- TAWANDA KAROMBO-

Net interest income for DBSA for the year firmed up by 8.6% to R8.4 billion while operating income increased 12.3% stronger at R8.8bn. Net profits for the year resultantly grew 14.4% to R5.3bn, a record for the financier, attributable to “a solid increase in net interest income and positive fair value” adjustments.

This was partially offset by currency losses reported following the rand’s appreciation against the US dollar. DBSA CEO Boitumelo Mosako said Wednesday that the “bank has again delivered strong financial results while advancing the developmental mandate with tangible” impacts.

“The DBSA is accelerating its growth and impact through a ten year strategy which focuses on capacity enhancing governance, introducing innovative products to unlock trade and investment. We do not get funded from taxpayers' money, so we need to make sure that we make the money to be able to re to deploy,’ said Mosako during a presentation of the company’s financials.