DBS posts 10% rise in 2Q net profit
DBS Bank has posted a 10 per cent rise in its second-quarter net profit from a year ago to $887 million on the back of higher total income.
Net interest income grew 4 per cent to a record $1.38 billion while non-interest income rose 49 per cent to $927 million, the bank said on Thursday.
Overall, total income climbed 19 per cent to $2.31 billion.
"While we expect some slowdown in the region in the short term, Asia's long-term growth story is intact," said chief executive Piyush Gupta.