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Strong momentum pushes DBS 1H21 net profit to S$3.71B, bolsters WM business

DBS sustained its business momentum into 2Q21, posting a record profit of S$3.71 billion in 1H21, up 54% YoY, a day after its smaller Singapore peers OCBC and UOB equally reported estimates-beating financial results. “The business momentum for 1H21 has been extraordinarily strong,” said Piyush Gupta, DBS Group CEO, “and we expect business momentum to be sustained in the coming…

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