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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