DBS, OCBC, and UOB post $8.49b NII for Q3

This marks the eighth consecutive quarter the NII surpassed $8b.

In Q3 2024, the combined Net Interest Income (NII) of DBS, OCBC, and UOB reached $8.49b, marking the eighth consecutive quarter it surpassed $8b, SGX reported.

DBS’ net profit for the period rose 15% year-on-year (YoY) and 8% quarter-on-quarter (QoQ) to $3.03b, whilst total income increased by 11% YoY and 5% QoQ to $5.75b.

OCBC reported a net profit of $1.97b, up 9% YoY and 2% QoQ, whilst UOB posted a $1.6b core net profit, up 11% YoY as well as a 1% YoY NII increase to $2.5b, supported by 5% loan growth.

In addition, combined Non-Interest Income (NOI) in Q3 rose 33% YoY, marking the third consecutive quarter it surpassed $4.0b.