DBS, OCBC, UOB all post double-digit growth for Q4

A customer standing in front of ATM machines belonging to DBS, OCBC and UOB at Changi Airport.
A customer standing in front of ATM machines belonging to DBS, OCBC and UOB at Changi Airport.PHOTO: BLOOMBERG

SINGAPORE - All three of Singapore's banks posted double-digit profit growth for the fourth quarter, with DBS Bank and OCBC Bank leading the way as their bottom lines rose 31 per cent each.

DBS, celebrating its 50th anniversary, was especially generous with its dividend payouts. Its payout for 2017 represented a dividend yield of 5.18 per cent as at Feb 13, compared to UOB at 3.73 per cent, and OCBC at 2.94 per cent.