Singapore's bank DBS reported an 18% increase in net profit for the third quarter compared to the previous year. The strong growth was driven by margin expansion in commercial lending, exceeding analyst estimates. DBS's exposure to a money laundering scandal in Singapore is about $74 million, primarily from financing properties of those arrested in one of the city-state's largest such cases. The bank expects steady earnings in the coming year.
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DBS's exposure to a money laundering scandal in Singapore is about $74 million, mainly from financing properties of those arrested in one of the biggest such cases in the city-state https://t.co/a8kCawWnQ8
Singapore's largest bank DBS beats forecast, quarterly profit jumps 17% https://t.co/HfhBLlbB6H
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Luxury properties, cars, gold bars and cash: what a $2bn money-laundering case in Singapore reveals about the surge in cybercrime: https://t.co/lcUMM1T9pd Illustration: Juan Bernabeu https://t.co/GhCifXCaan
DBS Group's profit surpassed analyst estimates in the third-quarter, propelled by strong margin growth in commercial lending https://t.co/CTw25O2FvM
Singapore's bank DBS third-quarter net profit rises 18% on-year https://t.co/0U5n0fQc6a https://t.co/Pf7Gyt0Jdk
DBS Group's profit surpassed analyst estimates in the third-quarter, propelled by strong margin growth in commercial lending https://t.co/8QvFdeBdGV
DBS Group's profit surpassed analyst estimates in the third-quarter, propelled by strong margin growth in commercial lending https://t.co/idNLhdRtUE
Singapore's bank DBS third-quarter net profit rises 18% on-year https://t.co/SPjRPz2O2N https://t.co/cGH5alEjiU