SINGAPORE (Reuters) -DBS Group, Singapore’s biggest bank, posted on Wednesday a 2% rise in net profit in the fourth quarter from a year earlier on the back of a 9% increase in total income, according to a statement from the lender.
DBS, the first Singapore lender to kick start this earnings season, said October-December net profit grew to S$2.39 billion ($1.78 billion) from S$2.34 billion a year earlier.
This beat the mean estimate of S$2.37 billion from four analysts, according to LSEG data.
($1 = 1.3435 Singapore dollars)
(Reporting by Yantoultra NguiEditing by Chris Reese and Lisa Shumaker)
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