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DBS Q1 profit up 9% to record S$1.65b

The buoyant results were propelled by higher margin, strong trading income and a S$100 million write-back due to improved credit quality

Singapore

DBS Group Holdings posted a 9 per cent rise in Q1 earnings to a record S$1.65 billion on higher margin, strong trading income and a S$100 million write-back due to improved credit quality.

The first of the three local banks to report Q1 results, the stock jumped 3.6 per...

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