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Singapore DBS Q2 net profit up 9 pct, beats expectations
July 31, 2014 / 11:28 PM / 3 years ago

Singapore DBS Q2 net profit up 9 pct, beats expectations

SINGAPORE, Aug 1 (Reuters) - DBS Group Holdings, Singapore’s biggest bank, on Friday posted a 9 percent rise in second-quarter net profit, beating expectations with the help of 10 percent growth in loans.

DBS said net profit came to S$969 million ($776.69 million for the April-June period, up from S$887 million in the same period a year earlie and above an average forecast of S$948 million from seven analysts polled by Reuters. ($1 = 1.2476 Singapore Dollars) (Reporting by Saeed Azhar; Editing by Stephen Coates)

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