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Updated Saturday, July 31, 2010 10:37 pm TWN, AFP

DBS second-quarter earnings hit by impairment charge

SINGAPORE -- Singapore's DBS Group Holdings on Friday posted an unexpected second-quarter net loss of SG$300 million (US$217 million) following an impairment charge for its Hong Kong business.

The Singapore bank, Southeast Asia's largest by assets, said the SG1.02 billion charge was made in anticipation that interest margins in its Hong Kong operations would continue to face strains.

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