SINGAPORE - Local banks are likely to keep raking up robust earnings this year but lenders still face uncertainties surrounding the Covid-19 pandemic, analysts told The Straits Times.
DBS, OCBC and UOB all topped market expectations by reporting strong first-quarter net profit, largely driven by broad-based growth with record fee income. This was in line with the earnings of their global peers.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you