SINGAPORE (Reuters) – Singapore’s DBS Group Holdings reported a better-than-expected 37% rise in quarterly net profit on Thursday as Southeast Asia’s largest lender benefited from broad-based loan growth and lower credit costs in its home market.
The bank reported profit for April-June increased to S$1.7 billion from S$1.25 billion a year earlier, and compared with an average estimate of S$1.42 billion from five analysts, according to Refinitiv data.
(Reporting by Anshuman Daga; Editing by Sonali Paul and Chris Reese)
