DBS Group Holdings Ltd, Southeast Asia’s biggest lender, posted a 12 per cent rise in third-quarter net profit, beating expectations on a sharp drop in bad debt charges and on double-digit growth in income from its core lending business.
The bank’s net profit surprisingly exceeded its second-quarter figure as well, bolstered by strong fee and commission income amid gains in investment banking and wealth management.
via Business feed http://www.scmp.com/business/banking-finance/article/1074208/singapore-dbs-quarterly-profit-12pc-bad-debts-fall
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