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DBS Q2 earnings up 9% at S$969m

Bank sees no red flags in China exposure; upbeat profit sends its shares up
Saturday, August 2, 2014 - 06:00

MR GUPTA Allaying fears over the bank's exposure to China, he says 'we don't do trade financing in China that uses commodities as collateral. And we have zero exposure to Qingdao'. - PHOTO: BLOOMBERG

DBS Group Holdings posted a 9 per cent jump in net profit in the second quarter to S$969 million from a year ago, buoyed by improved lending margins profitability and lower allowance charges. While the quarterly figures beat Bloomberg's poll of six analysts with a mean estimate of S$938 million

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