SINGAPORE, Nov 5 — Singapore’s largest bank DBS Group Holdings said Thursday that its third-quarter net profit fell 5 per cent year-on-year to S$2.81 billion (about RM8.9 billion), dragged down by lower market trading income amid unfavorable equity market conditions, reported Xinhua.
The bank’s total income for the quarter declined 1 per cent from a year earlier, DBS said in a statement.
For the first nine months of 2026, however, the bank’s net profit rose 2 per cent year-on-year to a record S$8.82 billion. Its total income also increased 2 per cent to a new high of S$17.9 billion.
The firm’s fee income and treasury customer sales grew by double-digit percentages to new highs during the period, led by wealth management.
