Look at DBS' impressive cash count for Q3

Net gains surged 13%.

According to OCBC, DBS Group Holdings released its 3Q results this morning and net earnings of S$856m, +12% YoY or 6% QoQ, was better than street expectations of S$801m (based on Bloomberg consensus number).

Here's more from OCBC:

While Net Interest Income rose 10% YoY and marginally by 1% QoQ to S$1332m for the quarter, the main reason for the better bottom-line was due to a sharp decline in allowances for credit and other losses.

This fell 76% YoY and 47% QoQ to S$55m. Net earnings for the 9-month period came in at S$2599m, up 13%. Net Interest Margin continued on the downtrend for another quarter, down from 1.77% in 1Q12 and 1.72% in 2Q12 to 1.67% for this quarter. 

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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