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DBS net profit for Q3 flat at $862m

Non-interest income down 20% from Q2 after market gets call on tapering wrong

Published Fri, Nov 1, 2013 · 10:00 PM
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Singapore

DBS Group Holdings yesterday posted a stronger-than-expected third-quarter net profit of $862 million on robust loans growth.

The profit - up one per cent year on year (yoy) and down 3 per cent quarter on quarter (qoq) - beat the Reuters and Bloomberg estimates of $828 million and $839 million respectively.

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