DBS surpasses quarterly profit expectations in Q3 2023 earnings

DBS Group, the largest lender in Southeast Asia, announced a 17% increase in third-quarter profit, driven by a high-interest rate environment. The bank’s net profit for the quarter reached 2.63 billion Singaporean dollars ($1.94 billion), surpassing analysts’ estimates. Compared to the same period last year, this represents a substantial jump from SG$2.24 billion. DBS also…

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