DBS CEO Piyush Gupta's pay rose 2.28% to $12.13m in 2019

The bank’s total income grew 10% for the period.

The remuneration of DBS Bank CEO Piyush Gupta rose 2.28% to $12.13m for 2019, the bank’s annual report revealed.

The chief executive’s remuneration package for the year includes a base salary of $1.2m, a cash bonus of $4.59m, and a share plan of $6.27m.

Also read: DBS CEO Piyush Gupta's pay rose 15.5% to $11.68m in 2018

Gupta was also granted a one-time special recognition award of 80,000 shares, subject to DBS’ usual four-year vesting period.

For 2019, DBS’ total income grew by 10% thanks to broad-based business momentum led by non-trade corporate loan growth as well as double-digit percentage growth in fee income and trading income.

The bank’s net profit also rose by 14%, with a record ROE of 13.2%.