Performance of Banks in third quarter (Part 2)

This is second part to cover three local banks.

The quarter profits attributable to shareholders are in dollar terms and the figures in brackets show the percentage change over the same quarter of the previous year.

Company with increase in profits

DBS $762 m (+6%) No dividend proposed

Companies with reduction in profits

UOB $522 m (-24.2%) No dividend proposed
OCBC $513 m (-10.0%) No dividend proposed

DBS performed better than UOB and OCBC in the third quarter.

Copyright © 2011, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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