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DBS 3Q earnings up 15% to $1.63 bil on strong operating performance, broad-based growth

Uma Devi
Uma Devi11/11/2019 08:05 AM GMT+08  • 2 min read
DBS 3Q earnings up 15% to $1.63 bil on strong operating performance, broad-based growth
In a bourse filing on Monday, the group also reported that total income for the quarter grew 13% to a new high of $3.82 billion on the back of  loan growth, record fee income and higher trading gains.
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SINGAPORE (Nov 11): DBS Group Holdings reported 3Q19 earnings of $1.63 billion, a 15% increase from $1.41 billion a year ago.

In a bourse filing on Monday, the group also reported that total income for the quarter grew 13% to a new high of $3.82 billion on the back of loan growth, record fee income and higher trading gains.

Compared to a year ago, net interest income for the quarter grew 8% to $2.46 billion, while loans rose 4% in constant-currency terms to $353 billion spearheaded by non-trade corporate loans across the region.

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