RGsun
2021-11-05
Nice
Singapore bank DBS flags strong growth after Q3 profit jumps 31%
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DBS' net interest margin, a key gauge of profitability, dipped to 1.43% from 1.53% a year earlier.</p>\n<p>Singapore, rebounding from last year's record recession, is beginning to re-open its borders with 84% of its population fully vaccinated against the COVID-19 virus. The city-state's economy is expected to grow 6%–7% this year.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore bank DBS flags strong growth after Q3 profit jumps 31%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore bank DBS flags strong growth after Q3 profit jumps 31%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-05 08:46 GMT+8 <a href=https://finance.yahoo.com/news/singapore-lender-dbs-posts-31-232835482.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (Reuters) -DBS Group expects to report higher profit before allowances next year after Southeast Asia's largest bank beat estimates with a 31% rise in quarterly net profit, aided by growth ...</p>\n\n<a href=\"https://finance.yahoo.com/news/singapore-lender-dbs-posts-31-232835482.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://finance.yahoo.com/news/singapore-lender-dbs-posts-31-232835482.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2181371812","content_text":"SINGAPORE (Reuters) -DBS Group expects to report higher profit before allowances next year after Southeast Asia's largest bank beat estimates with a 31% rise in quarterly net profit, aided by growth in fee income and improving asset quality.\nFriday's result rounded up a strong quarter for Singapore banks such as OCBC and United Overseas Bank, in line with global lenders strengthening their recovery in markets hit by the COVID-19 pandemic and amid improved economic activity.\n\"A progressive normalisation of interest rates in the coming quarters will be beneficial to earnings,\" DBS Chief Executive Officer Piyush Gupta said in a statement. \"Asset quality continues to be resilient and total allowances are likely to remain low,\" he said.\nDBS reported a quarterly net profit of S$1.7 billion ($1.26 billion) for the July-September period versus S$1.30 billion from a year earlier and the S$1.57 billion average forecast from four analysts compiled by Refinitiv.\nThe bank wrote back credit allowances of S$70 million in the quarter, helping boost profits, compared with credit charges of S$554 million booked in the year-ago period.\nProfit before allowances fell 7% to S$1.89 billion in the quarter. DBS' net interest margin, a key gauge of profitability, dipped to 1.43% from 1.53% a year earlier.\nSingapore, rebounding from last year's record recession, is beginning to re-open its borders with 84% of its population fully vaccinated against the COVID-19 virus. The city-state's economy is expected to grow 6%–7% this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":844,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/846824770"}
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