July 28, 2019 / 11:33 PM / 5 months ago

DBS Q2 profit rises 17 pct, beats market estimates

SINGAPORE, July 29 (Reuters) - DBS Group Holdings Ltd , Southeast Asia’s biggest lender, beat market estimates with a nearly 17 percent rise in second-quarter profit, supported by an increase in net interest income.

The Singaporean bank’s net profit came in at S$1.6 billion ($1.2 billion) in the three months ending June, versus S$1.37 billion a year earlier and an average estimate of S$1.47 billion from three analysts, according to data from Refinitiv. ($1 = 1.3690 Singapore dollars) (Reporting by Anshuman Daga; Editing by Chris Cushing and Stephen Coates)

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