DBS profit beats estimates on lending, pays special dividend

Sterling results: A pedestrian passes an advertisement outside a DBS Bank branch in Singapore. Net income increased 69% to S$2.34bil (RM7.65bil) in the three months ended Dec 31, South-East Asia’s biggest lender said. — Bloomberg

SINGAPORE: DBS Group Holdings Ltd’s fourth-quarter profit topped estimates, helped by lending gains as a strong capital base allowed the bank to deliver a special dividend.

Net income increased 69% to S$2.34bil (RM7.65bil) in the three months ended Dec 31, South-East Asia’s biggest lender said in a statement.