SINGAPORE - Singapore's biggest bank DBS Group reported record first-quarter profit on Tuesday (May 2), rising a stronger-than-expected 43 per cent from a year earlier on a higher net interest margin, sustained business momentum and resilient asset quality. Southeast Asia's largest lender by assets however said its net interest margin likely peaked in the first quarter and there would be...
SINGAPORE - Singapore's biggest bank DBS Group reported record first-quarter profit on Tuesday , rising a stronger-than-expected 43 per cent from a year earlier on a higher net interest margin, sustained business momentum and resilient asset quality.
It also said housing loan bookings may see some impact from latest cooling measures by the government. January-March net profit rose to $2.57 billion from $1.8 billion a year ago, beating a mean estimate of $2.44 billion from five analysts polled by Refinitiv.
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