DBS Group Reports 1% Rise in First Quarter Net Profit
DBS Group posted a 1% rise in first-quarter net profit from a year earlier. The results were mainly driven by growth in its wealth management business.
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DBS GROUP HOLDINGS LTD reported a 1% increase in first-quarter net profit on Thursday morning. The result for Singapore's largest lender was primarily driven by growth in its wealth management division. Investors are tracking how Southeast Asia’s biggest bank navigates a shifting interest rate environment through diversified fee income.
