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DBS bets on rebounding economy, profit jumps 37% on lower credit costs to S$1.7 billion

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DBS bets on rebounding economy, profit jumps 37% on lower credit costs to S$1.7 billion

SINGAPORE : Singapore’s DBS Group Holdings flagged strong loan growth and weaker credit costs after posting a 37 per cent jump in quarterly net profit, as Southeast Asia’s largest lender benefited from a rebound in its mainstay home market.
The bank joined…

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