DBS reports net profit of $1.82 bil for 2QFY2022, up 7% y-o-y

DBS Group Holdings has reported net profit of $1.82 billion for the 2QFY2022 ended June, 7% higher than the net profit of $1.70 billion in the same period the year before.

This brings the bank’s net profit for the 1HFY2022 to $3.62 billion, which fell by 3% compared to its record net profit of $3.71 billion reported in the 1HFY2021.