DBS Bank Beats Expectations Despite Profit Dip
Update: 2025-11-06
Description
DBS Bank, Singapores largest lender, reported a slight dip in Q3 earnings, but still exceeded market expectations. The banks wealth management services and deposit growth offset the impact of lower interest rates. Net profit fell by 2% to $2.95 billion, but was higher than analysts predictions. Net fee income from commercial banking surged by 22% to a record high, driven by wealth management fees and deal-making activity. Despite global interest rate pressures, DBS plans to navigate challenges with smart management and focus on wealth management and institutional banking.
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