Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

DBS Profit Rises 1%, Beats Estimates on Non-Interest Income

DBS Group Holdings Ltd., Southeast Asia’s largest lender, posted a 1 percent gain in third-quarter profit on higher non-interest income.

Net income rose to S$862 million ($694 million) from S$856 million a year earlier for the quarter ended Sept. 30, the Singapore-based lender said in a statement to the stock exchange today. That beat the S$839 million average of seven analysts’ estimates compiled by Bloomberg.

Singaporean banks including DBS are looking for growth in overseas markets including China and Indonesia as they combat the lowest loan profitability in Southeast Asia. The lenders are also expanding fee-generating businesses such as wealth management at home and abroad.

“We expect fees and commissions, especially from wealth management, to gain good traction and to continue to grow,” Ken Ang, a Singapore-based analyst at Phillip Securities Pte, said ahead of the results.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.