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DBS Reports 1st Quarter Results
DBS Group’s net profit for the first quarter of 2017 was SGD 1.21 billion, up 1% from a year ago. Net fee income rose 16% to SGD 665 million.
“26% increase in wealth management fees”
This was led by a 26% increase in wealth management fees to SGD 222 million from stronger sales of unit trusts and other investment products.
News Source: DBS Press Release
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About DBS Bank
DBS Bank Ltd (SGX:D05) is a Singaporean multinational banking and financial services company. The company was known as The Development Bank of Singapore Limited, before the present name was adopted in July 2003 to reflect its changing role as a regional bank. Founded in 1968, DBS acquired POSB (Post Office Savings Bank) in 1998. With over 280 branches across 18 markets in Asia, DBS serves over four million customers in the three key Asian axes of growth, namely, Greater China, Southeast Asia and South Asia.
- Origin : Singapore
- Assets : SGD 458 billion
- Revenue : SGD 10.8 billion
- Employees : 22,000
Official Website: www.dbs.com
News & Media: Press Release
Updated on 8th August 2016
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