DBS Q1 net profit jumps 72%, powered by broad-based growth

Reuters2021-04-30

DBS Group trumped market estimates with a 72 per cent rise in quarterly profit to a record high on strong loan growth and stabilising asset quality, while highlighting bullish prospects in a recovering global economy.

"This has been an extraordinary quarter for our business as we fired on all cylinders. Loan and deposit growth were robust, fees were strong and treasury had a record performance," Piyush Gupta, CEO of Southeast Asia’s largest bank, said in the results statement on Friday.

The Singapore-based lender reported a quarterly net profit of S$2.0 billion for January-March, above an average forecast of S$1.43 billion from three analysts according to Refinitiv data and versus S$1.16 billion a year-ago.

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精彩评论

开始动
2021-05-01
开始动
👌
Jojofi
2021-05-01
Jojofi
Wow! This is great news as it means the overall economy has largely recovered especially banking sector. Profits and revenue will increase with more investment. #EconomyRecover #Banking
PandaWynn
2021-04-30
PandaWynn
👍
KenT
2021-04-30
KenT
[财迷]
2fd4c06c
2021-04-30
2fd4c06c
Insane results
Singlish
2021-04-30
Singlish
Excellent result
- ckww:
  But sure if it can sustain.

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