Dahua Bank sets aside 470 million US dollars in loan loss provisions to resist headwinds in the banking industry.

DBS Bank's third-quarter profits fell short of expectations, as the Singaporean bank set aside 615 million Singapore dollars as provisions to offset adverse factors in the banking industry and provide a buffer for impairment allowances for some corporate accounts. The Singapore-based bank, in a statement, stated that as a result of this, its net profit for the first three months ending on September 30 fell by 72% year-on-year to 443 million Singapore dollars, far below the analysts' average expectation of 2.27 billion Singapore dollars.