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Singapore lender DBS second-quarter profit jumps 37%, beats market estimates By Reuters

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© Reuters. FILE PHOTO: A brand of DBS is pictured outdoors an workplace in Singapore January 5, 2016. REUTERS/Edgar Su

SINGAPORE (Reuters) – Singapore’s DBS Group (OTC:) Holdings reported a better-than-expected 37% rise in quarterly internet revenue on Thursday as Southeast Asia’s largest lender benefited from broad-based mortgage progress and decrease credit score prices in its house market.

The financial institution reported revenue for April-June elevated to S$1.7 billion from S$1.25 billion a yr earlier, and in contrast with a median estimate of S$1.42 billion from 5 analysts, in response to Refinitiv knowledge.

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