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DBS beats expectations with 20% rise in Q4 profit to S$1 billion

Rise comes on the back of higher margins for loans and broad-based non-interest income

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DBS's housing loans market share rose to 26 per cent from 24 per cent as the bank got more refinancing deals, said Mr Gupta. New bookings last year were strong at S$10 billion.

Singapore

DBS Group reported better-than-expected fourth-quarter net profit of S$1 billion, up 20 per cent on higher margins for loans and broad-based non-interest income.

Singapore's biggest bank said on Monday that net profit for the three months ended Dec 31, 2015, was S$1

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