DBS, Southeast Asia's biggest lender, posted on Friday a 10% rise in second-quarter net profit, helped by strong loan growth and a drop in bad debt charges.
The bank warned that it expects a little pressure on interest margins especially in China and sees some headwinds ahead for loan growth despite a healthy credit pipeline.
DBS made a net profit of $810 million for April-June against a net profit of $735 million a year ago.
That compared with an average forecast of $795 million, according to six analysts surveyed by Reuters.
Analysts are expecting the bank to begin a formal regulatory application process for its planned US$7.2 billion acquisition of Indonesia's Bank Danamon after Indonesia came up with new rules to restrict ownership of banks, but allowed some exceptions.
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