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DBS declares earnings boost

DBS reported a first-quarter earnings boost of 17% year-on-year to S$532m (US$379.9m) today (May 7). The bank said revenues grew due to sustainable business development across customer segments. ROE stood at 8.2%, up 40bp over the previous quarter. Its consumer/private banking division reaped S$131m of net profit as opposed to S$124m in the previous quarter and S$142m a year ago. Net…

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