DBS posts record 2015 but IB disappoints

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By Rev Hui
22 Feb 2016

Singapore’s DBS has released a solid set of financial results for 2015 with both total income and net profits hitting record levels. But while most of its fee-related businesses recorded strong growth, the lender’s investment banking unit saw its income drop by 25%.

According to an announcement on Monday, DBS had a good 2015 with total income crossing the S$10bn ($7.1bn) mark for the first in its history to reach S$10.8bn. That was a 12% increase from 2014 and was thanks to higher net interest margin as well as non-interest income ...

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