DBS net profit surged to record $807mln in 1Q11

Net profit rose 52% from a year ago and 19% from the previous quarter, said DBS.

According to DBS's statement, total income reached a new high of $1.91 billion as the implementation of DBS' strategic initiatives gained momentum, and DBS was able to capture opportunities across the region.

Sustained loan expansion and stable margins resulted in higher net interest income, while stronger contributions from customer-related Treasury sales, Capital Markets and Wealth Management boosted non-interest income.

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