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DBS Group, Singapore's largest bank, surpasses estimates with a Q2 profit of S$2.69bn, a 48% increase from the previous year, driven by higher interest rates and a rise in the Hong Kong Interbank Offered Rate. The bank projects a record year and expects a full-year return on equity above 17%. DBS' net interest margin rose to 2.16%, and return on equity reached a new quarterly high of 19.2%. DBS declared a dividend of 48 Singapore cents per share.

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