SINGAPORE - DBS on Thursday posted a 22 per cent fall in second-quarter net profit, dragged by further provisions and flat total income.
DBS pays dividend by the quarter. In the year-ago quarter, DBS paid a dividend of 30 cents per share. In the previous quarter, DBS paid a dividend of 33 cents per share. Total income for the second quarter was largely flat at $3.73 billion compared with $3.71 billion in the year-ago quarter, with both net income and fee income falling from the same period a year ago. Net interest margin fell to 1.62 per cent from 1.91 per cent a year ago, and 1.86 per cent a quarter ago. The one-month Sibor as at Wednesday stood at an all-time record low of 0.25 per cent; the three-month Sibor of 0.43817 per cent was at a level not seen since 2014.
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