DBS Group Holdings chalks up 12% rise in Q3 profit to $856 million
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DBS Group, Southeast Asia's biggest lender, posted a 12 per cent rise in third-quarter net profit on Thursday, helped by a sharp drop in bad debt charges and double-digit growth in income from its core lending business. -- ST PHOTO: DESMOND WEE
DBS Group Holdings has reported a 12 per cent rise in third quarter net earnings to $856 million.
The profit was up 6 per cent when compared to the second quarter.
Total income reached $2 billion, as fee income rose to a record and net interest income was sustained at recent highs.
For the nine months, net profit rose 13 per cent to a record $2.6 billion.
