Market Overview

DBS Group Q1 Net Profit Surges


Singapore's DBS Group Holdings Ltd. (ADR) (OTC: DBSDY) reported a 10 percent gain in its net profit for the first quarter.

DBS Group's quarterly net profit rose to 1.13 billion Singapore dollars (US$851 million), versus a year-ago profit of S$1.03 billion. Including a one-time gain, the company's net profit climbed to S$1.269 billion from S$1.231 billion.

Its net interest income climbed 14 percent to S$1.69 billion, while net interest margin widened to 1.69 percent from 1.66 percent.

Non performing loans ratio shrank to 0.9 percent in the latest quarter, versus 1.0 percent.

Its total assets climbed 9.0 percent to S$456.65 billion in the quarter.

Customer loans increased 11 percent to S$280.81 billion.


Related Articles (DBSDY)

View Comments and Join the Discussion!

Posted-In: profitEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at