DBS Group's shares are on track to close at a record high, after Southeast Asia's largest bank by assets posted stronger-than-expected earnings. Shares of the lender rose as high as 2.0% to 49.85 Singapore dollars,

DBS Group, Singapore's biggest bank, on Thursday posted a 1% rise in net profit in the second quarter from a year earlier on the back of higher total income. DBS, which is also Southeast Asia's biggest lender by assets,