First Republic’s 1Q profit climbs 13% on surge in loan demand

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4 days ago. Top Thai Bank's Digital Platform to drive loan growth surge. july 13, 2019, 10: 11 PM PDT Updated on July 14, 2019, 6:39 PM. digital lending to retail customers to climb almost eight-fold this year as. Asian peers in the past month on optimism about loan demand.. You have 1 free article remaining.

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DBS Group’s net profit for first-quarter 2018 increased 26% to a record SGD 1.52 billion. Total income increased 16% to SGD 3.36 billion, led by broad-based growth in loans and non-interest income as well as a higher net interest margin. A positive jaw resulted in a one percentage point improvement in the cost-income ratio to 42%.

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First Republic’s 1Q profit climbs 13% on surge in loan demand. At March 31, First Republic had total loans of $65.2 billion, up 21% from a year earlier. The surge in loan demand combined with slightly higher loan yields boosted net interest income by 17.6% year over year, to $588 million.

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Goldman Sachs Group Inc. (GS – Get Report) , the Wall Street firm, said first-quarter profit surged 26% as price swings returned to global markets following an unusually calm 2017, reviving client.

First Republic’s 1Q profit climbs 13% on surge in loan demand Record loan originations and strong growth in wealth assets under management more than offset a double-digit increase in expenses at the San Francisco company.