Singapore bank DBS posts 37% rise in fourth-quarter profit


"We look forward to the coming year with a prudently managed balance sheet that is poised to benefit from rising interest rates," DBS Chief Executive Officer Piyush Gupta said in a statement on Monday.

SINGAPORE: DBS Group reported a 37% rise in quarterly profit, supported by an improvement in asset quality at Southeast Asia's largest bank but the result was shy of market estimates.

"We look forward to the coming year with a prudently managed balance sheet that is poised to benefit from rising interest rates," DBS Chief Executive Officer Piyush Gupta said in a statement on Monday.

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