DBS Q1 profit surges 72% to record S$2 billion, flags strong growth Toggle share menu Advertisement DBS Q1 profit surges 72% to record S$2 billion, flags strong growth Workers on gondola clean the glass panels of the DBS building in Singapore on August 5, 2015. (File photo: AFP/Roslan Rahman) 30 Apr 2021 09:22AM (Updated: 30 Apr 2021 09:30AM) Share this content Bookmark SINGAPORE: DBS Group trumped market estimates with a 72 per cent rise in quarterly net profit to a record high, as the bank benefited from strong loan growth, improved asset quality and a robust wealth management business. DBS, Southeast Asia's largest bank, flagged bullish prospects in a recovering global economy and said its new non-performing assets formation was below pre-pandemic levels.