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Local banks not recession-proof, but long-term growth prospects look good

DBS, OCBC and UOB benefit from rates staying relatively high for a prolonged period, which helps to sustain their net interest margins

Leslie Yee

Leslie Yee

Published Tue, Mar 14, 2023 · 03:55 PM
    • The three local banks are not immune from the effects of worsening credit conditions if the US leads the world into a recession. When banks fail in the US or elsewhere, ripples can be felt in the financial system here.
    • The three local banks are not immune from the effects of worsening credit conditions if the US leads the world into a recession. When banks fail in the US or elsewhere, ripples can be felt in the financial system here. PHOTO: BT FILE

    IN THE long run, staying invested in the equities market can pay off. Economies will grow as populations expand, and technological advances spur productivity gains. As consumer spending rises, businesses can enjoy profit growth.

    While timing the market is tricky, buying Singapore equities merits serious consideration.

    Singapore-dollar denominated investments enjoy the strength and stability of the currency. Many companies here serve a stable and wealthy home market, as well as faster-growing Asian markets. 

    BanksDBSOCBCUOBSense & CentsWealth managementAsean

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