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DBS CEO says new housing loan applications down 45% year-on-year

Published on Apr 30, 2014 10:51 AM

SINGAPORE (Reuters) - The chief executive of DBS Group Holdings said on Wednesday that new housing loan applications at the bank are down 45 per cent from a year earlier.

Piyush Gupta was speaking at a media conference, after the lender had earlier reported better-than-expected first-quarter net profit of $1.03 billion.