Company Profile For DBS Group Holdings Limited

DBS Group Holdings Limited (DBSM.SI) (Stock Exchange of Singapore)

sector: Financials · industry: Banks ·

As of 9:05am GMT

15.08SGD

Price Change

+0.26

Percent Change

+1.75%

Analyst Recommendations

Overview

DBS Group Holdings Ltd is an investment holding company that operates through its main subsidiary, DBS Bank Ltd (the Bank). The Bank is engaged in the provision of retail, small and medium-sized enterprise, corporate, and investment banking services. The Company's financial businesses are organized into five sectors: Consumer Banking, Institutional Banking, Global Financial Markets, Central Treasury Unit, and Central Operations. On 24 May 2008, the Company acquired Bowa Commercial Bank.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, DBS Group Holdings Ltd's interest income decreased 23% to SP$4.67B. Net interest income after LLP decreased 17% to SP$2.16B. Net income decreased 5% to SP$1.55M. Net interest income reflects lower interest income and an increase in allowances for credit & other losses. Net income partially offset by lower expenses and an increase in net fees & commission income.