SINGAPORE (Nikkei Markets) -- DBS Group Holdings, Singapore's largest lender, beat estimates of quarterly profit with a 15% rise as fee income rose to a record and its Hong Kong operations put in a strong performance despite five months of increasingly violent pro-democracy protests.
CEO Piyush Gupta said the Hong Kong business remained resilient amid a slowdown in trade and other areas. However, Singapore mortgages continued to shrink with fewer people buying completed apartments.
