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DBS profit driven by loans as turmoil hurts wealth, trading


DBS Chief Executive Officer Piyush Gupta said in a presentation that he expects mid-single-digit loan growth and continued progress on net interest margins this year.

DBS Chief Executive Officer Piyush Gupta said in a presentation that he expects mid-single-digit loan growth and continued progress on net interest margins this year.

SINGAPORE: DBS Group Holdings Ltd. relied on lending to boost fourth-quarter profit as financial-market turbulence hit its trading, wealth and investment banking operations.

Net income rose 10 percent to S$1.32 billion ($972 million) in the three months ended Dec. 31, missing the S$1.34 billion average estimate of six analysts surveyed by Bloomberg. 

Corporate News , Banking

   

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