Morningstar

DBS Third Quarter Net Dips 2.0%

Provided by Dow Jones Nov 5, 2025, 11:10:00 PM

By Megan Cheah

DBS Group, Singapore's largest bank, reported a decrease in third quarter net profit due to impact of global minimum tax.

Net profit for the three months ended September fell 2.0% from the same period a year ago to 2.95 billion Singapore dollars, equivalent to US$2.26 billion, the lender said Thursday.

Analysts had expected S$2.765 billion, according to a Visible Alpha consensus.

Total income climbed 3% to S$5.93 billion higher than market estimates for S$5.70 billion.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

November 05, 2025 18:10 ET (23:10 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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