Singapore’s DBS bank posts 29% fall in first-quarter net profit
The logo of DBS, Singapore’s largest bank.
Roslan Rahman | AFP | Getty Images
Southeast Asia’s largest bank, DBS, on Thursday said it set aside 1.09 billion Singapore dollars ($772.5 million) to cover potential losses from the coronavirus pandemic — which resulted in a 29% year-over-year fall in net profit in the first quarter.
The Singaporeanbank’s net profit fell to 1.17 billion…
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