SINGAPORE (Feb 13): DBS Group Holdings has recorded earnings of $1.51 billion for 4QFY2019 ended December 2019, some 14% y-o-y higher than earnings of $1.32 billion a year ago, on the back of broad-based business momentum.

4QFY2019 total income rose 7% y-o-y to $3.46 billion from loan growth and a double-digit improvement in fee income.

Compared to the preceding 3QFY2019, earnings were 7% q-o-q lower, as total income retreated 9% q-o-q on seasonally-lower non-interest income and a decline in net interest margin from falling interest rates.

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