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Finance

Singapore's DBS reverses COVID woes with record Q1 profit

Southeast Asia's largest lender books 72% surge, eyeing strong rebound

DBS posted a record $1.21 billion net profit for the three months through March. (Photo by Takaki Kashiwabara)
DYLAN LOH, Nikkei staff writer | Singapore

SINGAPORE -- Southeast Asia's largest lender, DBS Group Holdings, on Friday reported a 72% surge in net profit for the three months ending in March, keenly eyeing a strong recovery in 2021 after a tough year last year due to the COVID-19 pandemic.

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