UPDATE 1-DBS Q1 profit falls to 2-1/2-yr low on coronavirus loan loss provisions
Singapore’s DBS Group
Holdings set aside S$1.09 billion ($772.5 million) to
cover the impact of the coronavirus pandemic as Southeast Asia’s
biggest lender reported a 29% fall in first-quarter profit to
the lowest in 2-1/2 years.
Holdings set aside S$1.09 billion ($772.5 million) to
cover the impact of the coronavirus pandemic as Southeast Asia’s
biggest lender reported a 29% fall in first-quarter profit to
the lowest in 2-1/2 years.
Posted by Reuters
