DBS third quarter earnings up 12 per cent to $856 million
Published on Nov 1, 2012 12:49 PM
DBS Group Holdings reported a third quarter net profit of $856 million, up 12 per cent from the same quarter last year.
Net interest income grew 10 per cent from the same period a year ago, to $1.33 billion, even as net interest margins moderated from 1.73 per cent a year ago to 1.67 per cent.
The declining margins reflect prudent liquidity management as well as margin pressures in China, said the bank in a press release today.
The loans to deposit ratio and non performing loans ratio both remained unchanged at 84 per cent and 1.3 per cent respectively.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here