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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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评论12

  • 开始动
    ·2021-05-01
    👌 
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  • Jojofi
    ·2021-05-01
    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
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  • PandaWynn
    ·2021-04-30
    👍
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  • KenT
    ·2021-04-30
    [财迷] 
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  • 2fd4c06c
    ·2021-04-30
    Insane results
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  • Singlish
    ·2021-04-30
    Excellent result
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    收起
    • ckww
      But sure if it can sustain.
      2021-04-30
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  • 6fba50d8
    ·2021-04-30
    Wow
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  • ORNEGU
    ·2021-04-30
    Yeah!
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  • InvKeJ
    ·2021-04-30
    Great
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    • InvKeJ
      bravo
      2021-04-30
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    • JQing
      yeah
      2021-04-30
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    • InvKeJ
      😎
      2021-04-30
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  • Charmzys
    ·2021-04-30
    Yes 🙌🏻 
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  • Pixiestars
    ·2021-04-30
    Great!
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    • Chifield
      Huat ah!
      2021-04-30
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  • ConnieCD
    ·2021-04-30
    Great 👍🏼 
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