Singapore, 13 May 2026 – Singapore’s three major banks are seeing stronger earnings support from wealth management and fee income, as DBS, OCBC and UOB navigate a softer interest-rate environment while continuing to benefit from Asia’s growing private-wealth base.
The first-quarter results of DBS, OCBC and UOB showed that non-interest income is becoming an increasingly important buffer as net interest income faces pressure from lower rates. Their combined non-interest income rose to a record S$5.16 billion in the first quarter of 2026, compared with S$4.78 billion a year earlier and S$4.0 billion in the preceding quarter, according to Singapore Exchange research.
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