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NRA Capital Pte Ltd

Written by: Lynn Look

Wednesday 10 Aug 2016

DBS - Interim Results Update

NIMs improvement a surprise

DBS reported a 6% y-o-y decline in net profit to S$1.05bn for 2Q 2016, bringing interim net profit to S$2.25bn, unchanged from previous year. The interim earnings were above my expectations as the NIMs improvement came as a surprise after both OCBC and UOB reported NIMs contraction in their interim results.

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