SUBSCRIBERS

DBS Q3 profit rises 32% to record S$2.24b; declares S$0.36 per share dividend

Tan Nai LunVivienne Tay
Published Thu, Nov 3, 2022 · 07:19 AM

WITH business momentum strong in the third quarter of 2022, DBS will likely remain resilient and post a “solid year” in 2023, said DBS chief executive Piyush Gupta.

Gupta noted, however, that the tail-risk scenario of high rates and high inflation will likely play out next year, with inflation remaining sticky and the US Federal Reserve continuing its rate hikes.

“There is a lot of uncertainty with these high interest rates, and we haven’t seen this environment in a long period of time,” Gupta said on Thursday (Nov 3).

DBS reported a 32 per cent year-on-year rise in net profit for the third quarter ended September, buoyed by higher net interest m…

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL

KEYWORDS IN THIS ARTICLE

READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here