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DBS posts larger 3Q21 net profit, with second highest fee income on record

DBS Group reported a 3Q21 net profit of S$1.7 billion, up 31% YoY, thanks to a healthy loan growth and a fee income which grew 11% YoY to the second-highest on record. The profit jump was partly driven by a 3Q21 allowance write-back of S$70 million. Loans expanded at 2% QoQ to S$6 billion. Loan growth this year has been…

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