DBS Group, Southeast Asia's biggest bank, said on Friday its fourth quarter net profit fell 18 percent from the previous year as it set aside heavy provisions to cover its exposure to risky US mortgages. Net profit for the three months to December 2007 came in at S$491 million (US$347.15 million), down from S$596 million in the same period in 2006, the bank said in a statement. DBS set aside an...
