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05-02

It's on a strong up trend

DBS Sees Net Profit Rising This Year After Q1 Beats Forecasts

SINGAPORE, May 2 (Reuters) - DBS Group, Singapore's biggest bank, posted on Thursday a 15% rise in net profit in the first quarter to a record high of S$2.96 billion ($2.18 billion) from a year earlier, driven by strong total income growth.($1 = 1.3600 Singapore dollars)

DBS Sees Net Profit Rising This Year After Q1 Beats Forecasts

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06:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>Q1 net profit rises to S$2.69 bln vs S$2.48 bln estimate</p></li><li><p>Net interest margin climbs to 2.14%</p></li><li><p>Return on equity hits record high of 19.4%</p></li><li><p>DBS declares dividend of 54 Singapore cents per share</p></li></ul><p>SINGAPORE, May 2 (Reuters) - Singapore&#39;s biggest bank DBS Group expects its net profit this year to grow from 2023, it said on Thursday, after posting a 15% rise in first quarter net profit that beat expectations, driven by strong total income growth.</p><p>Total income growth was projected to be 1 to 2 percentage points above previous guidance of the mid-single-digits, according to DBS CEO Piyush Gupta&#39;s outlook observations slides accompanying the results.</p><p>Group net interest income is expected to be modestly better than 2023 levels, he said in the slides.</p><p>Commercial book non-interest income growth was expected 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earlier.</p><p>($1 = 1.3600 Singapore dollars)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104496036","content_text":"Q1 net profit rises to S$2.69 bln vs S$2.48 bln estimateNet interest margin climbs to 2.14%Return on equity hits record high of 19.4%DBS declares dividend of 54 Singapore cents per shareSINGAPORE, May 2 (Reuters) - Singapore's biggest bank DBS Group expects its net profit this year to grow from 2023, it said on Thursday, after posting a 15% rise in first quarter net profit that beat expectations, driven by strong total income growth.Total income growth was projected to be 1 to 2 percentage points above previous guidance of the mid-single-digits, according to DBS CEO Piyush Gupta's outlook observations slides accompanying the results.Group net interest income is 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