Bloomberg.com, 13 Feb 2009, Kelvin Wong
Feb. 13 (Bloomberg) -- DBS Group Holdings Ltd., Southeast Asia’s largest bank, said fourth-quarter profit fell 40 percent on rising credit costs and a decline in fee income.
Net income fell to S$295 million ($195 million) in the three months ended Dec. 31 from S$491 million a year earlier, the Singapore-based bank said in a statement to the stock exchange today. That’s lower than the S$310 million median estimate of 11 analysts surveyed by Bloomberg News.
Read More
Related News:
Singapore DBS Q4 net profit down 40 pct on bad debts - Reuters, 13 Feb 09
Singapore's DBS profit misses forecast on bad debt rise - Reuters, 13 Feb 09
Singapore's leading bank net profit down 40% in Q4, 2008 - Xinhua, 13 Feb 09
Singapore's DBS bank quarterly profit falls 40 pct - International Herald Tribune, 13 Feb 09
Singapore DBS says will stay profitable in 2009 - Reuters, 13 Feb 09
