Nov 07, 2024 / 02:30AM GMT
Edna Koh - DBS Group Holdings Ltd - Head of Group Strategic Marketing & Communications
Good morning, everyone, and welcome to DBS's third-quarter financial results briefing. On today's call our CEO, Piyush Gupta; Deputy CEO, Tan Su Shan; and CFO, Chng Sok Hui.
So as per our norm, Piyush and Sok Hui will start by sharing more about our third-quarter and both will be speaking to presentation slides, which we will also share on Webex. And thereafter, we will take media questions. So without further ado, Sok Hui, Please.
Sok Hui Chng - DBS Group Holdings Ltd - Chief Financial Officer
Good morning, everyone. We delivered a record performance for the third quarter with profit surpassing $3 billion for the first time. Net profit increased 15% from a year ago to $3.03 billion, as total income rose 11% to $5.75 billion. The growth was broad-based.
Commercial book net interest income rose from balance sheet growth and a stable net interest margin. Net fee income increased to a new high led by wealth management, while treasury customer sales also
Q3 2024 DBS Group Holdings Ltd Media Briefing Transcript
6 days ago
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