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Singapore's Banks Are Making More Money From Customers Seeking Financial Services, Even as Their Trading Businesses Struggle.

Singapore's Banks Are Making More Money From Customers Seeking Financial Services, Even as Their Trading Businesses Struggle.

InvestmentsResearch note
For
Investors and finance teams comparing the quality of Singapore bank income, plus businesses choosing cash-management and hedging services.
Where
Singapore-listed banking groups with regional businesses; findings concern UOB and DBS rather than every Singapore bank.
What it means

DBS and UOB are earning more customer fees year-on-year while market-related income weakens.

Why it matters

Customer services may support income, but hedging revenue is not all fee income and fees can fluctuate.

What to do

Compare fee growth, customer inflows, treasury sales, funding costs and lending margins; test the pattern against OCBC’s next results.

What we don't know

One quarter does not prove durable growth, better valuations or higher future profits. DBS wealth fees fell from the previous quarter.

Urgency
6/1,000
Fresh 4–5 November earnings make this timely for comparison. There is no verified trade deadline or requirement to act before the next session.

First published

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What does urgency mean?

Urgency measures how soon the intended reader may need to act. Higher scores mean a tighter time window. It does not measure profitability, certainty or the chance of success. Read the timing explanation for the deadline and reason.