DBS Q2 net profit jumps 17% to S$1.6 billion

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Southeast Asia's biggest lender DBS has reported better-than-expected earnings in the second quarter. Net profit rose 17% to S$1.6 billion, even amid heightened economic uncertainty. Higher income from its key businesses such as lending, wealth management and trading helped lift the bank's bottom line. DBS is the first among Singapore's three banks to report its second-quarter earnings results. It will be followed by UOB and OCBC on Friday, August 2.

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