DBS Group Holdings Ltd , Southeast Asia's biggest lender, reported on Monda...
FILE PHOTO: A DBS logo on their office building in Singapore, February 22, 2016. REUTERS/Edgar Su
The Singaporean bank’s net profit came in at S$1.63 billion in the three months ended Sept. 30, compared with S$1.41 billion a year earlier and an average estimate of S$1.57 billion from five analysts, according to Refinitiv data. Singapore’s banks face a challenging outlook as interest rates soften and lending moderates after robust growth in recent years.
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