DBS Q1 profit up 3 per cent to record $1.27 billion, beating estimates, on strong loan growth

DBS Group Holdings, Southeast Asia’s largest lender, posted first-quarter profit on Monday that beat analysts’ forecasts, helped by a double-digit rise in loan growth and strong wealth management fees. Loans grew by 11 per cent in the first quarter, defying market expectations of a slowdown, due to demand from regional corporate borrowing and secured consumer…

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Singapore bank lending down in February

Total bank lending in Singapore fell a little in February, with business loans continuing their slide for a third straight month. The overall sum lent to both consumers and businesses for the month was $603.5 billion, according to data released by the Monetary Authority of Singapore (MAS) yesterday. This is a 0.65 per cent drop…

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