DBS Group Holdings Ltd, Southeast Asia's biggest lender, reported an 8.5 pe...
FILE PHOTO: A DBS bank signage is pictured in Singapore September 5, 2017. REUTERS/Edgar Su/File Photo
SINGAPORE - DBS Group Holdings Ltd, Southeast Asia’s biggest lender, reported an 8.5 percent rise in quarterly profit on Monday to beat market estimates, powered by a rise in net interest income. The Singapore-based bank’s net profit came in at S$1.65 billion for the three months ending March versus S$1.52 billion a year earlier and an average estimate of S$1.48 billion from four analysts, according to Refinitiv I/B/E/S.
After three years of strong loans growth, Singapore’s banks are gearing up for tougher times as the city-state’s export-reliant economy slows, partly due to a trade war between China and the United States, analysts say.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PSA revenue hit by overseas decline, Iran withdrawalPeugeot maker PSA Group reported a 1.1 percent decline in first-quarter revenue,...
Read more »
The Latest: Sri Lanka: local militants carried out attacksGet breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news.
Read more »
Declaring Iran's Revolutionary Guard a terror group won't impact them much'Sanctions actually help the Iranian Revolutionary Guard Corps' economic activities, preventing foreign corporations from competing with it.' Opinion | ialmarashi
Read more »
Sri Lanka blames local Islamist group for Easter bombings that killed 290Sri Lanka blames local militant group National Thowheed Jama’ath for bombings that killed 290, injured more than 500
Read more »
The Latest: Sri Lanka: local militants carried out attacksCOLOMBO, Sri Lanka (AP) — The Latest on explosions in Sri Lanka on Easter Sunday (all times local): 2:25 p.m. A Sri Lankan government official says a local militant group named...
Read more »
Sri Lanka identifies militant group suspected in Easter bombingsThe coordinated Easter Sunday bombings that ripped through Sri Lankan churches and luxury hotels, killing more than 250, were carried out by seven suicide bombers from a domestic militant group named National Thowfeek Jamaath, a government official said.
Read more »
Sri Lanka Easter suicide bombings blamed on domestic radical Muslim groupMembers of a radical Muslim group have been identified as suspects in a series of Easter suicide bombings on churches and luxury hotels across Sri Lanka.
Read more »