What happened?
Singapore bank shares have performed well in recent years. DBS and OCBC share prices have hit record highs as investors continue to favor the sector. For much of this period, investors viewed Singapore banks as beneficiaries of higher interest rates, which led to increased net interest margins and earnings. That tailwind is now fading as benchmark interest rates fall. This could put pressure on net interest income, which has been a key driver of bank profits. still Latest results from DBS, OCBC and UOB show earnings remain resilientStrong wealth management earnings at all three banks helped. with Singapore is becoming one of the major wealth centers of AsiaMore high net worth individuals, family offices and institutions are using the country as a base to manage their assets. For local banks, this creates another source of income besides lending. In this article, I look at how DBS,…
