Business News
Singapore's DBS bank posts rise in net profit
Nov 2, 2011, 2:54 GMT
Singapore - Singapore's DBS Group Holdings Ltd, the biggest lender in South-East Asia by assets, on Wednesday posted a 6-per-cent rise in net profit for the third quarter.
Net profit reached 762 million Singapore dollars (597 million US dollars), up from 722 million Singapore dollars a year earlier, the bank said.
Net interest income, the difference between the interest the bank collects from debtors and the interest it pays out on deposits, increased 13 per cent to 1.2 billion Singapore dollars, it said.
Non-interest income reached 754 million Singapore dollars, up 3 per cent year-on-year from 730 million Singapore dollars.
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