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NRA Capital Pte Ltd

Written by: Lynn Look

Tuesday 23 Feb 2016

DBS - FY15 Final Results

NPL rate not likely to cross 1.3% on worst case scenario

DBS reported record earnings of S$4.3bn in FY15, representing a 12% y-o-y net profit growth. The results were well above our expectations due to a sharp improvement in NIMs in the 4Q and strong trading income in 4Q.

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