Singapore's DBS third-quarter net profit falls 5% on year, misses forecasts

SINGAPORE, Nov 5 (Reuters) - DBS Group (DBSM.SI), opens new tab, Singapore's biggest bank, posted on Thursday a 5% fall ⁠in net profit in the third quarter from a year earlier, mainly on a decline in markets trading income.

DBS, which is also Southeast Asia's biggest ⁠lender by assets, said July-September net profit fell to S$2.81 billion ($2.20 billion) from ⁠S$2.95 billion a year earlier.

This undershot the mean estimate of ⁠S$2.90 billion from four analysts, according to ⁠LSEG data.

($1 = 1.2792 Singapore dollars)

Reporting by Rae Wee; Editing by Chris Reese