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 […]
UOB’s Q4 profit up 1.7%, above expectations on strong loan growth
United Overseas Bank, Singapore’s third-biggest lender, posted a 1.7 per cent rise in quarterly profit on the back of strong loan growth, beating analysts’ average forecast. UOB said net profit for the October-December period came in at S$786 million, above an average forecast of S$759 million from six analysts polled by Reuters. It reported a […]
