Singapore's DBS Takes More Writedowns, Q4 Falls 18 Pct

Reuters
15th Feb 2008
By Saeed Azhar

SINGAPORE (Reuters) - DBS (DBSM.SI: Quote, Profile, Research), Southeast Asia's biggest bank by assets, said quarterly profits fell 18 percent due to further writedowns linked to the global credit crisis, but the decline was not as bad as expected and the bank said it was cautiously optimistic about the year ahead.

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