SINGAPORE: DBS Group Holdings, Southeast Asia's biggest lender, posted a 17 percent rise in quarterly profit, helped by its highest net interest margin in nine quarters though loan growth slowed to its weakest pace since late 2012.
The slowdown in lending growth reflects the downturn in Singapore's housing market after a series of government cooling measures and sluggish demand for China-related trade finance.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
