Dahua Bank's loan income dragging down profits, CEO says high uncertainty prevailing.

Due to a decrease in both loan and fee income, DBS Bank's profit in the first quarter decreased. The bank stated in a statement on Thursday that net profit for the first three months ending on March 31 was 1.44 billion Singapore dollars, a 4% decrease compared to the same period last year. This figure was slightly higher than analysts' average expectations. DBS Bank CEO Piyush Gupta said, "Global uncertainties remain high," but with businesses managing the effects of the Iran conflict and rising oil prices, commercial activities in various sectors continue to remain stable.