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DBS’s Quarterly Profit Increases 15% on Interest, Fee Income

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DBS Group Holdings Ltd., Southeast Asia’s largest bank, posted a 15 percent gain in second-quarter profit as its net interest margin rose to a three-year high and fee income climbed to a record.

Net income advanced to S$1.12 billion ($816 million) for the three months ended June 30 from S$969 million a year earlier, the Singapore-based bank reported in a statement Monday. That compared with the S$1.07 billion average of nine analysts’ estimates compiled by Bloomberg. The company boosted its dividend payout.