Local banks' brokerage fees gain 6.4% in Q1
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COMMISSIONS at the three major local banks' broking units rose 6.4 per cent during the first quarter, with only UOB-Kay Hian Holdings showing a slight decline.
Total brokerage fees reported by DBS Group Holdings, OCBC Bank and United Overseas Bank's UOB-Kay Hian arm came in at S$120.6 million for the three months to March 31, compared to S$113.3 million in the year-ago period.
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