SINGAPORE (Oct 31): DBS Group reported earnings of S$1.07 billion for 3Q, little changed from a year ago. Investment banking fees rose 74% to S$54 million from higher equity market and fixed income fees as well as higher advisory activities. For the nine months, total allowances doubled to S$972 million due to higher specific allowances for credit exposures. A significant part of the increase in specific allowances was due to Swiber in the second quarter. Total income rose 7% to S$8.71 billion with both net interest and non-interest income reaching new highs.

Source: The Edge Markets October 31, 2016 06:52 UTC