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Singapore's bank DBS second-quarter net profit rises 1%, beats forecast

Singapore's bank DBS second-quarter net profit rises 1%, beats forecast

Reuters4 days ago
SINGAPORE, Aug 7 (Reuters) - DBS Group (DBSM.SI), opens new tab, Singapore's biggest bank, on Thursday posted a 1% rise in net profit in the second quarter from a year earlier on the back of higher total income.
DBS, which is also Southeast Asia's biggest lender by assets, said April-June net profit climbed to S$2.82 billion ($2.19 billion) from S$2.79 billion a year earlier.
This beat the mean estimate of S$2.77 billion from three analysts, according to LSEG data.
($1 = 1.2848 Singapore dollars)
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