Singapore DBS Q1 profit at record high
DBS Group Holdings, Singapore’s biggest bank, posted a record quarterly profit, beating expectations, as higher fee and commission income offset a slight drop in income from its key lending business.
DBS earned S$950 million (HK$5.98 billion) in the three months ended March, compared with the previous record profit of S$933 million (HK$5.88 billion) a year earlier. Its profit was far above the S$836 million (HK$5.27 billion) average forecast of eight analysts polled by Reuters.
via Business feed http://www.scmp.com/business/banking-finance/article/1228180/singapore-dbs-q1-profit-record-high