For subscribers
S’pore banks had record year in 2024 – here’s what could drive further growth in 2025
Sign up now: Get ST's newsletters delivered to your inbox
Shares of Singapore’s three local banks shares hit all-time highs in December.
ST PHOTO: CHONG JUN LIANG
Follow topic:
SINGAPORE – Shares of Singapore’s three local banks enjoyed a record-breaking year in 2024, but there could still be room for growth in 2025, with share buybacks on the cards and wealth-management operations going from strength to strength, analysts said.
DBS, OCBC and UOB shares hit all-time highs in December, thanks to higher wealth-management fee income, strong trading income and management’s updates on capital management, analysts noted.
