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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

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...

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