Singapore, 4 August 2026 – Singapore’s three major banks enter second-quarter reporting season with firmer interest-rate expectations, resilient loan demand and strong wealth-management activity supporting earnings, although elevated share prices leave little room for operational disappointment.
DBS Group, Oversea-Chinese Banking Corporation and United Overseas Bank have benefited from a shift in the rate outlook. The one-month Singapore Overnight Rate Average had fallen by about 2.7 percentage points from its peak to around 1% by mid-2026, but expectations of a possible United States rate increase later this year have improved the outlook for lending spreads.
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