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COPYRIGHT 2002 Asia Pulse Pty Ltd
An executive briefing on banking for Oct 31, 2002, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
SINGAPORE'S DBS GROUP POSTS LOWER OPERATING PROFIT IN Q3
SINGAPORE - DBS Group Holdings (DBS) (SGX:DBSM) has registered operating profit of S$462 million (US$261.65 million) for the third quarter of 2002, down 9.5 per cent compared to the same period last year,
Operating profit for the first nine months of 2002 was S$1,434 million, up 11.2 per cent compared to the same period in 2001, it said in a statement.
CHINA DEVELOPMENT BANK TO PROVIDE LOANS TO SUZHOU CITY
NANJING - The Nanjing Branch of the China Development Bank (CDB) recently signed a financial cooperation agreement with the government of Suzhou city.
According to the agreement, the bank will provide long-term financial support to back infrastructure construction, basic industries, pillar industries, emerging industries and new and high-tech projects in Suzhou. The bank promised to grant 20 billion yuan...
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