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DBS can start with clean slate in FY18 to ride healthy business momentum, rising rates

PC Lee
PC Lee • 4 min read
DBS can start with clean slate in FY18 to ride healthy business momentum, rising rates
SINGAPORE (Nov 7): DBS reported a sharp 25% y-o-y drop in 3Q17 net earnings to $802 million, and below Bloomberg consensus of $1.14 billion. This was due to a spike in allowances, which rose to $815 million in 3Q17 from $304 million in 2Q17.
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