Singapore's DBS third-quarter net profit falls 5% on year, misses forecasts
Asia
Singapore's DBS third-quarter net profit falls 5% on year, misses forecasts
by DZRH News05 November 2026
The logo of DBS Bank is seen in Hong Kong, China December 13, 2016. REUTERS/Tyrone Siu
SINGAPORE, Nov 5 (Reuters) - DBS Group, Singapore's biggest bank, posted on Thursday a 5% fall in net profit in the third quarter from a year earlier, mainly on a decline in markets trading income.
DBS, which is also Southeast Asia's biggest lender by assets, said July-September net profit fell to S$2.81 billion ($2.20 billion) from S$2.95 billion a year earlier.
This undershot the mean estimate of S$2.90 billion from four analysts, according to LSEG data.
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($1 = 1.2792 Singapore dollars)
(Reporting by Rae Wee; Editing by Chris Reese)
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