Singapore’s DBS bets on post-pandemic recovery, profit up on lower credit costs

Singapore’s DBS Group Holdings flagged strong loan growth and lower credit costs ahead after a rebound in its mainstay home market fuelled a better-than-expected 37% jump in quarterly net profit for Southeast Asia’s biggest lender. The bank joined local peers OCBC and United Overseas Bank in reporting strong results, but the sector’s sequential performance slowed …

The post Singapore’s DBS bets on post-pandemic recovery, profit up on lower credit costs first appeared on Hellenic Shipping News...

https://www.hellenicshippingnews.com/singapores-dbs-bets-on-post-pandemic-recovery-profit-up-on-lower-credit-costs/

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