SINGAPORE—DBS Group Holdings Ltd. posted a better-than-expected 6% rise in third-quarter net profit Wednesday as trade finance continued to drive the bank's loan growth.
DBS Chief Executive Piyush Gupta said that while global macroeconomic headwinds are strengthening, the bank, Southeast Asia's largest by assets, remains well-equipped to handle a slowdown in regional growth.
"We think Asia will slow and will be at least a couple of percentage points off [its average growth], but Asia will not have a precipitated bloodbath," Mr. Gupta said at a briefing. "Therefore we think that in a slow Asia with growth rates of 6% to ...
SINGAPORE—DBS Group Holdings Ltd. posted a better-than-expected 6% rise in third-quarter net profit Wednesday as trade finance continued to drive the bank's loan growth.
DBS Chief Executive Piyush Gupta said that while global macroeconomic headwinds are strengthening, the bank, Southeast Asia's largest by assets, remains well-equipped to handle a slowdown in regional growth.
"We think Asia will slow and will be at least a couple of percentage points off [its average growth], but Asia will not have a precipitated bloodbath," Mr. Gupta said at a briefing. "Therefore we think that in a slow Asia with growth rates of 6% to ...
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