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Focus falls on banks' trade finance, fund costs

OCBC seen to be as aggressive as DBS in regional trade finance
Tuesday, February 18, 2014 - 06:00

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DBS core net profit in Q4 rose 6 per cent from a year ago to $802 million, on the back of a 10 per cent gain in total income. But including one-off items, DBS's Q4 net income fell 20 per cent year on year to $973 million - PHOTO: SPH

GROWTH in China-related trade finance loans and concerns over funding costs were focal points for analysts looking at the three banks' earnings which were released last Friday. For full-year 2013, the banks - DBS, OCBC and UOB - reported a combined net profit of $9.45 billion, down from $10.6

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