DBS Group: First-quarter net profit rises 43% to SGD 2.57 billion while return on equity increases to 18.6%
DBS Group’s net profit for first-quarter 2023 rose 43% from a year ago to a record SGD 2.57 billion. Return on equity increased to 18.6%, also a new high. Total income grew 34% to SGD 4.94 billion as net interest margin rose 66 basis points and business momentum was sustained….
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