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DBS Forecasts Strong Profit Growth
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DBS Group, Singapore's largest bank, expects a boost in net profit for 2024 after a stellar Q1 performance, exceeding forecasts. The bank foresees total income growth surpassing expectations, driven by strong non-interest income growth in wealth management and treasury customer sales.
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How could DBS' performance impact the competitive landscape within the banking industry in Singapore and beyond?
How might DBS sustain and further capitalize on this positive momentum throughout the year?
What strategies did DBS implement to drive the notable growth in non-interest income?
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