More upside ahead for DBS, OCBC, UOB as wealth fees power Q1 earnings
Their combined non-interest income rises to a record S$5.16 billion from S$4.78 billion the year before
Add BT as a preferred source
[SINGAPORE] Wealth management and other fee income are becoming increasingly important earnings buffers for Singapore banks, and analysts expect non-interest income to continue offsetting expected declines in net interest income amid a falling interest-rate environment.
This trend came through in the first-quarter results of DBS , OCBC and UOB , which all beat analysts’ consensus estimates for the three months ended Mar 31, 2026.
The three lenders’ combined non-interest income rose to a record S$5.16 billion in Q1, from S$4 billion in the preceding quarter and S$4.78 billion a year earlier, the Singapore Exchange’s (SGX) research team indicated in a market update last Friday (May 8).
TRENDING NOW
Asia-Pacific aviation: is up really the only way?
Russia’s ‘pivot to Asia’ takes a turn as it prioritises ties with isolated regimes over bigger economies
Why disciplined stewardship matters when managing wealth in uncertain markets
More than 15,000 sign up for national accounting body’s AI programme in two months
