DBS boosts allowance reserves amid uncertainties, Q1 profit beats views
2025-05-08
SINGAPORE: Singapore’s biggest bank, DBS Group, boosted its general allowance reserves amid heightened macroeconomic and geopolitical uncertainty on Thursday (May 8) after posting a 2 per cent year-on-year drop in first-quarter net profit, which beat expectations. “Recent escalations in trade tensions have heightened macroeconomic risks and market volatility,” DBS chiefContinue Reading
