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DBS profit jumps 32% to record on rates, flags upbeat outlook

Por: CNBC Business November 03, 2022

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In this articleSoutheast Asia's largest lender DBS GroupEdwin Koo Bloomberg Getty Images reported a forecast-beating 32% jump in quarterly profit to a record high and gave a bullish outlook on Thursday as higher interest rates boosted net interest margins at Southeast Asia's largest lender.Banks globally have benefited from a jump in net interest income as central banks hike rates to tackle soaring inflation, although analysts warn... + full article



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