This is the CB bank that replaced Sporns with FTrash at the height of the crisis, claiming that if it didn't do so, it would be 'bankrupt'. of course, the FTrash CEO kena karma thereafter...
<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR>Home > Breaking News > Singapore > Story
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<TR>Nov 6, 2009
</TR><!-- headline one : start --><TR>DBS Q3 profit up 49% <!--10 min-->
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DBS was expected to post strong results after its rivals United Overseas Bank and Oversea-Chinese Banking Corp announced better-than-expected results last week. -- PHOTO: MALCOLM MCLEOD
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<!-- START OF : div id="storytext"-->DBS Group, South-east Asia's biggest bank, said its third-quarter profit rose a better-than-expected 49 per cent on strong interest rate margins and lower bad debt charges.
DBS said on Friday its July-September net profit was $563 million versus $379 million a year ago, its first expansion since the second quarter of 2008.
Analysts had predicted a net profit of $480 million, according to an average of six forecasts in a Reuters survey.
DBS was expected to post strong results after its rivals United Overseas Bank and Oversea-Chinese Banking Corp announced better-than-expected results last week.
Singapore banks have emerged from the financial crisis in a better shape and earnings are poised to improve next year as a recovery in Asian economic growth boosts loan demand and fees improve from rising capital market deals. -- REUTERS
<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR>Home > Breaking News > Singapore > Story
</TR>
<TR>Nov 6, 2009
</TR><!-- headline one : start --><TR>DBS Q3 profit up 49% <!--10 min-->
</TR><!-- headline one : end --><!-- show image if available --><TR vAlign=bottom><TD width=330>
</TD><TD width=10>
DBS was expected to post strong results after its rivals United Overseas Bank and Oversea-Chinese Banking Corp announced better-than-expected results last week. -- PHOTO: MALCOLM MCLEOD
</TD></TR></TBODY></TABLE>
<!-- START OF : div id="storytext"-->DBS Group, South-east Asia's biggest bank, said its third-quarter profit rose a better-than-expected 49 per cent on strong interest rate margins and lower bad debt charges.
DBS said on Friday its July-September net profit was $563 million versus $379 million a year ago, its first expansion since the second quarter of 2008.
Analysts had predicted a net profit of $480 million, according to an average of six forecasts in a Reuters survey.
DBS was expected to post strong results after its rivals United Overseas Bank and Oversea-Chinese Banking Corp announced better-than-expected results last week.
Singapore banks have emerged from the financial crisis in a better shape and earnings are poised to improve next year as a recovery in Asian economic growth boosts loan demand and fees improve from rising capital market deals. -- REUTERS
