SINGAPORE--DBS Group Holdings Ltd. (D05.SG) said Friday its second-quarter net profit rose 10%, beating market expectations on the back of strong lending growth and a decline in allowances.
DBS, Southeast Asia's largest bank by assets, reported a net profit of S$810 million for the quarter ended June 30, up from S$735 million a year earlier.
Net interest income rose 10% to S$1.32 billion from S$1.20 billion a year earlier, while noninterest income fell 3% to S$621 million from S$639 million, DBS said in a statement. Full story
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Singapore’s DBS says Q2 net profit up 10pc, above expectations - The Malaysian Insider
