DBS Third-Quarter Net Profit Dips 2.0%

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DBS Group D05 0.00%increase; green up pointing triangle, Singapore’s largest bank, reported a decrease in third quarter net profit due to impact of global minimum tax.

Net profit for the three months ended September fell 2.0% from the same period a year ago to 2.95 billion Singapore dollars, equivalent to US$2.26 billion, the lender said Thursday.

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