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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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 billion, versus S$838 million a year earlier, and above an average forecast of S$978 million from six analysts polled by Reuters.
