Find out how OCBC fared vs DBS in latest results season
Boosted by mortgage and trade loans.
According to a report by Reuters, Singapore's DBS Group Holdings Ltd and Oversea-Chinese Banking Corp Ltd posted increases in quarterly profit fuelled by mortgage and trade loans, and were upbeat about growth prospects.
DBS missed expectations but boosted its full-year dividend to 58 cents from 56 cents a year earlier. It said in presentation notes that its outlook is positive and it also sees a strong performance from capital markets.
OCBC's quarterly profit came in ahead of the market consensus.
Read full report here.