SINGAPORE: DBS Group Holdings Ltd , South-East Asia's biggest lender, posted a 12% rise in thirdquarter net profit, beating expectations on a sharp drop in bad debt charges and on doubledigit growth in income from its core lending business.
The bank's net profit surprisingly exceeded its secondquarter figure as well, bolstered by strong fee and commission income amid gains in investment banking and wealth management.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
