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DBS full-year 2016 net profit at SGD 4.24 billion

16th February, 2017

DBS full year results
DBS Group reported net profit of SGD 4.24 billion for 2016, 2% below a year ago as a stronger operating performance was offset by higher allowances. Total income rose 6% to a record SGD 11.5 billion from higher loan volumes, improved net interest margin and broad-based non-interest income growth. Productivity gains from digitalisation and cost management initiatives contained expense growth to 1%. As a result, profit before allowances increased 10% to a new high of SGD 6.52 billion.

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Mainland China outpaces western countries to become undisputed global FinTech leader

5th December, 2016

DBS EY Report
While the UK and the US have jostled to be recognized as leading global FinTech centers, China has leapfrogged ahead to become the undisputed global FinTech hub.

DBS Foundation awards over HK$5 million in grants to 12 social enterprises in Hong Kong and across Asia

18th November, 2016

DBS Foundation
Hong Kong charitable giving mobile app startup Givo and 11 other innovative social enterprises from across Asia are the beneficiaries of over HK$5 million in funding support this year from the DBS
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