Singapore's Largest Bank DBS Sees Profit Soar 72% to a Record $1.5 Billion

DBS Group Holdings said net profit nearly doubled from the previous quarter and reached a historic high of 2.01 billion Singapore dollars ($1.52 billion) in the January to March period, thanks to accelerating business momentum. "Asset quality was healthy, with new non-performing asset formation and specific allowances at pre-pandemic levels,"...