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SINGAPORE (Reuters) -Singapore's biggest bank DBS Group said on Thursday its second-quarter profit jumped a forecast-beating 48% to a new record as higher interest rates helped drive income growth, and forecast growth in its net interest margin (NIM). DBS said the outlook for NIM, a key indicator of profitibility, had improved due to unexpected U.S. interest rate increases in the second half and a rise in the Hong Kong Interbank Offered Rate. DBS' views followed that of smaller peer United Overseas Bank, which last Thursday said it had a more positive outlook for NIM following the latest U.S. rate rise after it chalked up a 27% increase in second-quarter earnings.

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