DBS CEO Piyush Gupta(pic) said the bank had reported a record half-year performance "despite heightened economic uncertainty and geopolitical tensions."
SINGAPORE: DBS Group Holdings Ltd, South-East Asia’s biggest lender, forecast stable loans growth for 2019 after a robust increase in net interest margin drove an 8% rise in quarterly profit and a record annual profit.
After three years of strong loans growth, Singapore’s banks face tougher times as the city-state’s export-reliant economy slows, partly due to a trade war between China and the United States.
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