SINGAPORE — Southeast Asia’s largest bank by assets, DBS Group Holdings, is seeing its value swell as it closed off last year with another quarter of increased profitability, despite uncertainty over the interest rate environment’s path.
The Singapore lender on Monday reported a net profit of 2.62 billion Singapore dollars ($1.93 billion) for the October to December period, up 10% from a year earlier, promising to reward investors amid robust earnings figures.
