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Profits rise, outlook improves for Singapore bank DBS

februari 16, 2022by Reacties uitgeschakeld voor Profits rise, outlook improves for Singapore bank DBS

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SINGAPORE: As the COVID-19 pandemic-struck, Southeast Asian economies have rebounded and increased their growth in loans and the quality of their assets, according to the DBS Group.

DBS also announced that its profits rose to a record level last year, cementing a recovery for Southeast Asia’s largest lender.

Singapore lenders are also expected to benefit from rising interest rates, and the city-state’s ec

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