DBS Group Holdings Ltd beat market estimates with a 17% increase in second-quart...
FILE PHOTO: A DBS bank signage is pictured in Singapore September 5, 2017. REUTERS/Edgar Su/File Photo
DBS, the first Singaporean bank to kick off the sector’s results, maintained its mid-single-digit percent loan growth forecast for the full year. DBS CEO Piyush Gupta said in a statement that the bank had reported a record half-year performance “despite heightened economic uncertainty and geopolitical tensions.”
DBS’s net profit came in at S$1.6 billion in the three months ending June, versus S$1.37 billion a year earlier and an average estimate of S$1.47 billion from three analysts, according to data from Refinitiv.
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