Munshi Ahmed | Bloomberg | Getty Images
:The DBS Group Holdings Ltd. logo is displayed atop the company’s DBS Asia Hub building in Singapore, on Thursday, Feb. 9, 2012.
Singapore’s top lender, DBS Group Holdings, on Tuesday reported first quarter net interest income came in nearly flat at 1.831 billion Singapore dollars, down slightly from 1.833 billion Singapore dollars a year ago.
Last week on April 27, United Overseas Bank, or UOB, said its first quarter net profit rose 5.4 percent from a year ago to 807 million Singapore dollars ($578 million). That was higher than the 765 million Singapore dollars ($548 million) that CIMB Securities projected and 775 million Singapore dollars ($555 million) that Daiwa Capital markets expected.
Oversea-Chinese Banking Corp., Singapore second largest lender, will report results for the first quarter on May 9.
