Singapore's DBS Profit Jumps Two-thirds, CEO Sees Rate Rises Moderating

Singapore’s DBS Profit Jumps Two-thirds, CEO Sees Rate Rises Moderating

By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) -DBS Group, which has seen its net interest margins hit highs for the decade on rising interest rates, expects rates to moderate, its chief executive said, as Southeast Asia’s largest bank by assets reported record quarterly and full-year profit. Singapore lenders, like global peers, are benefiting from…

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