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Singapore banks well poised to gain from economic rebound, rising rates
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As recovery gathers momentum, business loans and fee income will pick up.
ST PHOTO: CHONG JUN LIANG
SINGAPORE - On Friday (Nov 5), DBS Bank was the latest of the three local banks to report robust quarterly profit.
South-east Asia's largest lender reported quarterly net profit of $1.7 billion for the July to September period, up from $1.3 billion during the same period a year earlier, and beating Refinitiv analysts' estimate of $1.57 billion.
