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DBS posts flat 3Q earnings of $1.07 bil, in line with expectations

PC Lee
PC Lee10/31/2016 07:21 AM GMT+08  • 2 min read
DBS posts flat 3Q earnings of $1.07 bil, in line with expectations
SINGAPORE (Oct 31): DBS Group reported earnings of $1.07 billion for 3Q, little changed from a year ago. The average forecast from five analysts polled by Reuters was for $1 billion in earnings.
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SINGAPORE (Oct 31): DBS Group reported earnings of $1.07 billion for 3Q, little changed from a year ago. The average forecast from five analysts polled by Reuters was for $1 billion in earnings.

Bad debt charges rose to $436 million from $178 million a year ago from its exposure to the troubled oil and gas sector.

For the three months to Sept, total income rose 8% to $2.93 billion. Net interest income was little changed at $1.82 billion compared to a year ago. Net interest margin was stable at 1.77%.

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