Singapore banks

The city-state’s lawyers, financial advisers and banks say impact is hard to evaluate, still in ‘early stages’

UOB has lowered its fee income guidance, and seen a spike in non-performing assets in the second quarter

Dividend yields have compressed but they are still attractive

DBS and OCBC upgraded parts of their full-year outlook, while UOB turned more cautious on fees

Lender declares a dividend of S$0.88 per share for the period

Higher guidance comes as wealth, trading and insurance offset pressure from lower interest rates

UOB’s net profit climbs 10% to S$1.48 billion; OCBC’s is up 22% at S$2.22 billion

The team is ‘firing on all cylinders’ after record profit in the quarter, says CEO Tan Su Shan

Local banks are in focus this week as investors look for clues on whether Q2 tailwinds can extend into the year