Singapore bank DBS’ fourth-quarter net profit rises 2% on-year

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Written By Pinang Driod

© Reuters. The logo of DBS is pictured outside an office in Singapore January 5, 2016. REUTERS/Edgar Su/File Photo

SINGAPORE (Reuters) – DBS Group (OTC:), 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.

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